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I would say that it should take around 30 days for the FHA streamline refinance. Since you have all your information together from the last lender you should be able to easily give that information to another lender if you wish to do so. [self promotion deleted by Zillow moderator.
Right of rescission means you have 3 days after you close on a refinance to cancel or rescind your loan. This does not apply to just any mortgage. It only applies to refinances on owner occupied properties. Investor refinances do not have this option.