This is known as your right of "rescission (how do second mortgages work in ontario). how do reverse mortgages work?." To cancel, you need to notify the lender in composing - how adjustable rate mortgages work. Send your letter by certified mail, and request for a return invoice so that you have documentation of when you sent and when the lender got your cancellation notification. Keep copies of any communications between you and your lender.
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