https://boards.hellobee.com/ Pregnancy, Baby and Parenting blog, by Hellobee en Fri, 22 May 2026 14:04:01 +0000 https://boards.hellobee.com/topic/deposit-for-refinancing-application#post-1805220 Fri, 08 Aug 2014 08:31:10 +0000 mrsjyw 1805220@https://boards.hellobee.com/ <p>Standard across banks/mortgage companies. You can try to negotiate the fees, but typically there is always a non-refundable application fee/deposit. </p> https://boards.hellobee.com/topic/deposit-for-refinancing-application#post-1805196 Fri, 08 Aug 2014 08:23:28 +0000 marionberry 1805196@https://boards.hellobee.com/ <p>I think many mortgage companies charge fees like that but they're not always required. See if you can find a company that doesn't or some companies will let you negotiate your fees. </p> https://boards.hellobee.com/topic/deposit-for-refinancing-application#post-1805018 Fri, 08 Aug 2014 00:55:04 +0000 sunny 1805018@https://boards.hellobee.com/ <p>@Katrocap: @yoursilverlining: I think that charge was made when we wanted to lock our rate. </p> <p>I got quotes from several lenders and nobody wanted any money upfront for that. But once we settled on a lender and wanted to lock the rate I believe that is when they collected the deposit.</p> <p>@yoursilverlining: We refi'ed to a 15 year 2 years ago. I was so freaking excited to see the total interest payments over the life of the loan go down 6 figures!!! And most of our payments now go towards principal and hardly any for interest. To make shopping between lenders easier, we did a no cost refi (eg. Cost rolled into the loan). </p> https://boards.hellobee.com/topic/deposit-for-refinancing-application#post-1804850 Thu, 07 Aug 2014 21:15:02 +0000 yoursilverlining 1804850@https://boards.hellobee.com/ <p>We are looking into refinancing from a 30-year to a 15-year and have had several applications run to compare rates and total costs. None have charged a deposit or mentioned a deposit. The out of pocket closing costs vary a bit by lender, but none have asked for or required a deposit of any sort to apply for the loan. </p> https://boards.hellobee.com/topic/deposit-for-refinancing-application#post-1804761 Thu, 07 Aug 2014 20:23:58 +0000 Katrocap 1804761@https://boards.hellobee.com/ <p>@dagret: @sunny: Thanks for the input! I was just kind of applying on a whim today so was a little shocked to find out I had to pay $350. </p> https://boards.hellobee.com/topic/deposit-for-refinancing-application#post-1804318 Thu, 07 Aug 2014 18:13:01 +0000 sunny 1804318@https://boards.hellobee.com/ <p>Yes, ours had this and it was $500. I think it went towards paying the appraisal or something else in the closing costs. </p> https://boards.hellobee.com/topic/deposit-for-refinancing-application#post-1803026 Thu, 07 Aug 2014 10:28:24 +0000 dagret 1803026@https://boards.hellobee.com/ <p>@Katrocap: I'm pretty sure we did - but it went towards the closing costs. I think it's pretty standard these days. </p> https://boards.hellobee.com/topic/deposit-for-refinancing-application#post-1802963 Thu, 07 Aug 2014 10:09:19 +0000 Katrocap 1802963@https://boards.hellobee.com/ <p>DH and I are interested in refinancing our home. Our bank gave us a good quote and when I went to apply for the loan online I found it there is a $350 non-refundable deposit just to apply for the loan. Our bank is a trustworthy one, but I was just wondering if this is standard practice. Anyone have experience applying for refinancing loans and can weigh in? Thanks! </p>