Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 10 years ago on . Most recent reply

Appraisal Deposit
Can the mortgage broker keep the appraisal deposit, if I go with another lender? The appraisal has not been done yet. I gave them the deposit fee to lock the rate, but they came back and wanted 30% down instead of 25%. I continued with the application at 30% down for a couple days, but then called them yesterday to tell them I was going with another lender that is offering 25% down and almost the same rate. Checked my credit card and saw that they charged my card earlier this week.