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The Fed cut made no change to rates today, but is September still "in play"? See our review of The latest move by the Federal Reserve and what it means for mortgages and more.

The Fed cut made no change to rates today, but is September still "in play"? See our review of The latest move by the Federal Reserve and what it means for mortgages and more.

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.