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Updated over 2 years ago on . Most recent reply

Zaid Badabwan's profile image
Zaid Badabwan's profile image
Zaid Badabwan
  • Member since Jul 20, 2018
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Zaid Badabwan's profile image
Zaid Badabwan's profile image
Zaid Badabwan
  • Member since Jul 20, 2018
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Zaid Badabwan
9
Votes |
47
Posts
Private Lending & Conventional Mortgage Advice

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

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Mike Singer's profile image
Mike Singer's profile image
Mike Singer
  • Lender
  • from Dana Point, CA
  • Member since Aug 5, 2021
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Mike Singer's profile image
Mike Singer's profile image
Mike Singer
  • Lender
  • from Dana Point, CA
  • Member since Aug 5, 2021
Connect
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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