Please read!

By consumer protection law, for real estate related transaction, both parties have the 3 day right of rescission.

For house purchase, Grand deed is transaction. So even escrow is closed, the escrow officer will still wait for 3 days. Then do the recoding. But mortgage loan will funding next day right away. Which means you start to pay interest once escrow is closed because loan is NOT main character for this event (what about someone pay cash to buy a house, right?);

For mortgage re-finance, funding is transaction. So even borrower signed the doc, the escrow officer will still wait for 3 days to di*****urse the fund and do the title recoding;

But for rental house re-finance, it is business transaction. Consumer protection law does not apply. There is no 3 day right of rescission. The escrow officer will di*****urse the fund and do the title recoding next day.

Is that clear to you?