If I roll fees into my mortgage, what happens if it doesn't fund?

Q: If you apply for a mortgage refinance and intend to roll the application fee and other fees into the loan, what happens if it is not approved?

A: It depends upon the lender's policies. It could be that you will be required to pay for certain up-front costs, such as the cost of obtaining a credit report and any appraisal. You'll want to ask your mortgage lender about any obligations you may have when you are filing out your application -- so there are no surprises later.