Appraisal Deposit

[Jerry Hauck]

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.