Will there by any up-front, out-of-pocket expenses?
At time of application, you will be required to pay for your appraisal and credit report, of which you will be given a credit toward your closing costs at time of closing your residential mortgage loan. Your appraisal is yours to keep and is valuable to have because it provides you with a comparison to other homes in your neighborhood. The home appraisal will cost between $225 and $350 dollars. You will receive a copy of your appraisal at time of closing.
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- Will there by any up-front, out-of-pocket expenses?
