If a mortgage applicant is low on money for out of pocket expenses when applying for a mortgage loan, the applicant should ask the mortgage companies they are interviewing if they will pay for the appraisal up front. Although, the mortgage company will often charge you for it when your loan closes, this can keep your pre-closing costs down. This also keeps the mortgage applicant from paying for an appraisal in the event that their mortgage loan application is turned down.

If an applicant is relatively sure they will be approved for the mortgage loan, and the applicant has the money to pay for an appraisal; it is recommended that the applicant pay for the appraisal themselves. Not only should they pay for the appraisal, they should have the appraiser send the