mortgage application fees

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mortgage application fees



20. Mortgage application fees


You will probably be asked to pay a mortgage application fee of several hundred dollars. Ask what the lender’s policy is regarding this fee if the loan cannot be approved. Many lenders will refund the fee if the loan cannot be approved, unless you voluntarily withdraw your application.

You may also be asked to pay for the real estate appraisal fee in advance. This fee could be several hundred dollars and is normally not refundable.



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