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Refinance obligations get hazy.

Publication: The Washington Times
Publication Date: 11-OCT-02 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Refinance obligations get hazy.(FRIDAY HOME GUIDE)(MORTGAGE Q&A)

Article Excerpt
Byline: Henry Savage, SPECIAL TO THE WASHINGTON TIMES

Q: I had been shopping around for a mortgage to refinance my home when I finally

decided on a company offering 6.375 percent. I locked the rate and an appraiser came and inspected my home.

Since then, I received the good-faith estimate from the lender and after reviewing it, realized that there wasn't much of a benefit for me to refinance.

Meanwhile, rates have dropped and another company offered me a 5.875 percent rate, so I applied to the second company.

My question is this: Am I responsible for the payment of the first company's appraisal expense?

A:...

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