Bank of America Preapproval?

[Anonymous]

I went to a Bank of America to start my preapproval process. Basically, I have every documents (w2s, checkstubs...etc) with me and the lady pulled my credit report. Needless to say, I was preapproved for a $200,000 mortgage. I requested a preapproval letter and GFE and she gave them to me. Then she said she needed $50 for the underwriting process so I handed her my checkcard. A few days later, I got a package from BoA with my loan application. This look like the full loan application but the preliminary box is checked instead of final. I don't even have a house yet. However, my main concern is that there's a $450 nonrefundable application fee with my check card number on it. Does this mean I already started the application process and if I decided not to get the loan from BoA, the $450 application fee will be withdrawn from my account?

[settleordelete]

Check there website which states  0 fees across the board... so according to that you should be able to get all of you money back and proceed with the application process FEE free.

[techman2008]

I have a pre approval from bank of america and their rates were high.  I didn't use them and use another lender with better rates and after three months I got a letter from boa saying that my pre approval has expired.  I'm not sure about the fee though.  I didn't have to pay any fee's and I did get the same packet in the mail.