a) A mortgage broker pays a fee to determine if property is located in flood zone b) Two mortgage brokers decide to split the mortgage broker fee from a residential loan transaction c) A title company charges a market fee for examination and evaluation of title evidence d) A mortgage broker accepts a fee for sending its customers to a title company
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I bought a condo and the mortgage appraisal came out at 15k$ less than my purchase (about 2%) and I found some mistakes in it.. Just know that the appraisal she orders may differ in value from the one you get with the refi, and she should know it could be lower (or higher).. you may want.
The primary purpose of the appraisal is to make sure the mortgage holder is not lending money on a property that does not have the necessary equity. Size of the Property The size of your lot and the size of your home are both important considerations for the appraiser.
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