9616 Day Drive #110Indianapolis, IN 46280 NMLS#134866
9616 Day Drive #110Indianapolis, IN 46280 NMLS#134866
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.
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Company NMLS: 134866
www.nmlsconsumeraccess.org
9616 Day Drive #110
Indianapolis, IN 46280
Phone: (317) 849-1900
Aaron: acampbell@spectrummtg.net or John: jdearth@spectrummtg.net
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