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Updated almost 4 years ago on . Most recent reply

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Zaid Badabwan
9
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47
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shopping for best mortgage

Zaid Badabwan
Posted

Hello Friends

I am shopping for the best mortgage and already applied to two lenders. At the end, I am going to accept the best offer, but would like to know my responsibility toward the the other offer which will be declined. Would I pay anything like appraisal, or closing cost?

Appreciate your advice

Most Popular Reply

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39
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Mike Singer
  • Lender
  • Dana Point, CA
18
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39
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Mike Singer
  • Lender
  • Dana Point, CA
Replied

I'd shop before paying for an appraisal. Once you make a decision just inform the other lender you don't wish to proceed. 

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