Loss of brake pedal: This condition is usually a result of brake fluid leakage due to failure of a brake hose or a rusted metal brake line, a worn wheel cylinder or brake caliper, or a worn master cylinder. A simple once over of the system will reveal what's going on.
If you have questions about a specific purchase, it would be best to speak to an attorney who could inform you of your legal options. While there are laws that allow for a 3-day right to cancel certain purchases, these laws are very specific and do not apply in a majority of consumer purchases.
2. Call or email the loan officer who started your mortgage application to notify her of your decision to cancel. Loan officers are difficult to reach sometimes; however, most would appreciate a voice mail message, email or fax that signals your change of interest.