If you need a mortgage, you also need an appraisal
Oct 8, 2016 6:00 AM
Q. I used your site to connect with one of your certified loan providers. While I provided all the documentation they asked for in a timely manner, the lender did not close within the lock period and is now asking me for $1,000 extra to cover a rate lock extension. The lender says the holdup was due to the property appraisal not getting done on time because of a shortage of appraisers in Oregon, where I live, and this was outside of their control. What is your advice in this situation?