Does lender charge a fee before starting a mortgage applicatio
[ Edited ]
11-14-2012 04:31 PM - edited 11-14-2012 11:21 PM
I asked for information about mortgage application from a local credit union.
They told me that they would charge $500 in advance to start the application.
The $500 would be given back to me as part of the closing fee in the end.
They didn't say that the fee was refundable.
I wonder if any other creditors do the same.
If not, can I negotiate to avoid the fee in advance and pay the closing fee?