Talking about your mortgage: Appraisal fee
Lenders want to be sure that the property is worth at least as much as the
loan amount. This fee pays for an appraisal of the home you want to purchase
or refinance. Some lenders and brokers include the appraisal fee as part of
the application fee; you can ask the lender for a copy of your appraisal. If
you are refinancing and you have had a recent appraisal, some lenders may waive
the requirement for a new appraisal.
Estimated cost: $300 to $700
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