How do I get my $400 mortgage application fee back from Taylor Bean & Whitaker fiasco?
I went through a mortgage broker to refinance my home. The broker placed my loan with Taylor Bean & Whitaker. I was fully qualified and approved for the loan. However, before the loan could close, the federal government shut down Taylor Bean & Whitaker. The mortgage broker informed me of the situation and offered to place me with a different lender at a higher rate. At this point, am I entitled to a refund of my $ 400 application fee? I’d like to walk away from this mess.
1) The loan was not an FHA loan.
2) Other lenders will not accept the appraisal that was done. So, if I go with a new lender, I have to pay for another appraisal.