by Mr. T in DC
Question by peoples voice: If we back of from a refinance application what are the implications?
I tried to refinance my mortgage his guy talked me into it never gave me full picture until the day before closing, it had everything which I asked I dont want to pay now it would cost me thousands more if i accept this transaction, what are my obligations if i stop this transaction, and do not close.
Answer by Beverly S
You are not obligated to close. You may have agreed to pay for the appraisal, if so you will need to do so but that is all.
What do you think? Answer below!