Q&A: If we back of from a refinance application what are the implications?

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.

Best answer:

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.

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