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Updated about 9 years ago,
Appraisal Before Loan Approval?
Hi everyone,
I'm currently in escrow purchasing a turnkey property out-of-state. I'm still waiting on loan approval which could take another month. However, my loan officer has sent me a non-refundable form to order an appraisal ($550) on the property. Should I go ahead and pay to get this done now or wait until the loan has been approved? Also, I believe the appraisal company is owned by the lending company. Thank you!