should i pay for the appraisal up front?

Question

trying to refinance, they want 400.00 upfront

Answer 1

I wouldnt. A lot of time, people ask for money upfront so they are covered but u need to cover urself.... what if the mortgage company says: Sorry, by the way, we cant give u the rate or terms we originally agreed to. Ur screwed! So, dont make the same mistake

Answer 2

Yes. It costs money to have an appraisal done, whether you like the value, whether you get the re-fi, or if you just want to know how much your house is worth. Someone has to do the work, so of course they should be paid.

There's a reason appraisers want their money up front. Because they deserve to be paid even if the client doesn't like the outcome.

Answer 3

Time and Costs
Some of the types of fees you paid during the closing on your original mortgage will be charged during a refinance. These may include an application fee, title search and title insurance fees, appraisal costs, loan origination fee, discount points, prepayment penalties, and if applicable, legal service fees.

The appraisal is required for re-financing usually, and is usually out of your pocket.

Answer 4

Never pay for services until the service has been rendered to your satisfaction and in accordance with any written agreements.