Yes. In most cases you will not have to pay for another appraisal if you change your mortgage company, and depending on the loan program typed, the first lender can transfer it to the new lender. Some appraisal firms may charge a small fee because additional clerical work is required to reflect the new mortgage company; this is called an "Appraisal Retype Fee". The original mortgage company has the right to refuse to transfer the appraisal to another lender. In this case, a new appraisal is needed.
We've been helping customers afford the home of their dreams for over 20 years and we love what we do.
Company NMLS: 913283
Individual NMLS: 284344
3598 State Highway 11 Suite #116
Travelers Rest, SC 29690
Mobile: (864) 643-9998
Office: (864) 248-4867
Fax: (877) 663-6270
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