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Updated about 3 years ago on . Most recent reply

User Stats

47
Posts
9
Votes
Zaid Badabwan
9
Votes |
47
Posts

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

User Stats

39
Posts
18
Votes
Mike Singer
  • Lender
  • Dana Point, CA
18
Votes |
39
Posts
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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