When I spoke to the mortgage broker he told me that the way it works is that all the closing docs are issued electronically on closing date, then the lender and the title company expect them back, signed and notarized within the same business day. 

I can transfer to my bank account on the next business day for free, and they allow you to export all transactions into a spreadsheet for easy tracking.

They are typically all cash affairs where you have to pay in full the next business day, with a 5% deposit paid the day of the sale from pre-deposited funds (in my state of Florida).  

If you had more equity and had to choose between the two the answer is it depends.If your rate is high and you can lock in a much lower rate ( by about 1.5-2% plus ) then the cash out refi is the best choice , also if you already had a property or two you have in mind that your ready to pull the trigger on and put in an offer for.If you are unsure of a property but you want to be able to borrow when the time comes, the HELOC is better because you pay no interest until you withdrawal the funds and you can do it on any given business day.

If a closing date falls on a weekend or holiday, the date is automatically extended to the next business day. 

Its a FLAT NOPE not until title company calls/emails that we are on record many times that's after wire cut off so I might not get my proceeds to the next business day but thats OK .. its the way its done in this neck of the world..

Local teachers get paid their salaries on the last business day of the month. 

. - less than 5 business days) will sometimes incur an additional feeTerm: 6-12 monthsCheers!

It takes roughly five business days from when TSP receives your loan request to get the money in the bank. 

dealing with finances trying to get the current contractor to finish, when his bank decided to hold the cashiers check from my credit union for 7 business days..