Can the borrower decline an approved loan after escrow closed?

Humm.. Just so I'm understanding your question.. Everyone has signed the final paperwork and the lender funded and closed the loan, recorded the deed and disbursed the funds, and now you want to cancel?? If that's the scenario, then the answer is no.. once funds have been disbursed, all rights to rescission has ended. You can pay off the loan, but you cannot cancel it.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

A little confused? Borrower no longer needs the loan? Once a loan is closed, it is closed. Period. On a refinance, you have three business days after closing to rescind the loan, but after that, it is a done deal.