Comments on: Can a mortgage broker charge a fee for a mortgage they couldn’t fund? application fees, etc? http://www.businessbrokersguide.com/blog/can-a-mortgage-broker-charge-a-fee-for-a-mortgage-they-couldnt-fund-application-fees-etc/ Thu, 17 May 2012 09:02:20 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Megan http://www.businessbrokersguide.com/blog/can-a-mortgage-broker-charge-a-fee-for-a-mortgage-they-couldnt-fund-application-fees-etc/comment-page-1/#comment-876 Megan Tue, 21 Jul 2009 22:19:56 +0000 http://www.businessbrokersguide.com/blog/can-a-mortgage-broker-charge-a-fee-for-a-mortgage-they-couldnt-fund-application-fees-etc/#comment-876 wow. they will charge you for the appraisal, but that also entitles you to use that appraisal with your new company, so you don't have to do it again. that's it. wow. they will charge you for the appraisal, but that also entitles you to use that appraisal with your new company, so you don’t have to do it again. that’s it.

]]> By: Heaven Lee http://www.businessbrokersguide.com/blog/can-a-mortgage-broker-charge-a-fee-for-a-mortgage-they-couldnt-fund-application-fees-etc/comment-page-1/#comment-875 Heaven Lee Sat, 18 Jul 2009 20:23:18 +0000 http://www.businessbrokersguide.com/blog/can-a-mortgage-broker-charge-a-fee-for-a-mortgage-they-couldnt-fund-application-fees-etc/#comment-875 You should have asked for the GFE at the very beginning, when you get pre-approved. You are responsible for the appraisal fee. You should have asked for the GFE at the very beginning, when you get pre-approved.
You are responsible for the appraisal fee.

]]> By: J. Philip Real Estate http://www.businessbrokersguide.com/blog/can-a-mortgage-broker-charge-a-fee-for-a-mortgage-they-couldnt-fund-application-fees-etc/comment-page-1/#comment-874 J. Philip Real Estate Sat, 18 Jul 2009 15:41:37 +0000 http://www.businessbrokersguide.com/blog/can-a-mortgage-broker-charge-a-fee-for-a-mortgage-they-couldnt-fund-application-fees-etc/#comment-874 You'll have to pay for the appraisal; if you paid an application fee, that probably won't be refunded. That's about it. Next time get the GFE before you do an appraisal. This loan officer should have gotten you a GFE about 10 minutes after he took your application. Better that you have moved on. You’ll have to pay for the appraisal; if you paid an application fee, that probably won’t be refunded.

That’s about it.

Next time get the GFE before you do an appraisal. This loan officer should have gotten you a GFE about 10 minutes after he took your application. Better that you have moved on.

]]> By: mscarriem http://www.businessbrokersguide.com/blog/can-a-mortgage-broker-charge-a-fee-for-a-mortgage-they-couldnt-fund-application-fees-etc/comment-page-1/#comment-873 mscarriem Sat, 18 Jul 2009 07:00:11 +0000 http://www.businessbrokersguide.com/blog/can-a-mortgage-broker-charge-a-fee-for-a-mortgage-they-couldnt-fund-application-fees-etc/#comment-873 no they can not charge you for anything, They are agreeing to provide a service and if you did not complete the transaction then you owe them nothing, It is actually a respa violation for them to collect monies if they did not fund the loan no they can not charge you for anything, They are agreeing to provide a service and if you did not complete the transaction then you owe them nothing, It is actually a respa violation for them to collect monies if they did not fund the loan

]]> By: acermill http://www.businessbrokersguide.com/blog/can-a-mortgage-broker-charge-a-fee-for-a-mortgage-they-couldnt-fund-application-fees-etc/comment-page-1/#comment-872 acermill Wed, 15 Jul 2009 00:26:22 +0000 http://www.businessbrokersguide.com/blog/can-a-mortgage-broker-charge-a-fee-for-a-mortgage-they-couldnt-fund-application-fees-etc/#comment-872 Of course he can. Read the application form you signed. Undoubtedly it contains language indicating that you will be responsible for certain costs, whether or not the mortgage funded or was completed. Of course he can. Read the application form you signed. Undoubtedly it contains language indicating that you will be responsible for certain costs, whether or not the mortgage funded or was completed.

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