Should I pay the processing fee even though I did not take the loan?
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Should I pay the processing fee even though I did not take the loan?NO you do not have to pay ANY processing fees or anything like that on a loan that has not closed. That is a respa violation. The ONLY thing that they can charge you is for an appraisal or for credit reports and that is it!!! Don't let them lie to you. You are not held accountable for anything but what I say if your loan did not fund and record and you have a new home!!!
Should I pay the processing fee even though I did not take the loan?Absolutely not. Did you sign anything saying that you would pay processing fees whether you accepted the loan or not? That sounds shady either way, I don't know any lender that would do such a thing.
Should I pay the processing fee even though I did not take the loan?RESPA violation.....
Should I pay the processing fee even though I did not take the loan?You have 3 days to back out of a loan and if you did you don't need to pay a processing fee.
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