Why do mortgage brokers want an appraisal

[streamthree]

done before they give you a quote? If you're not satisfied with the quote, you lost about $350 for that appraisal.

[kristen w]

Well I own a mortgage company and they should not be doing that. They should give you the quote first. It is kind of a bait and switch. If you have invested $350.00 then you are likely to go with whatever the quote is because you have invested the money. I would demand a quote first. You are not obligated to go with them. Thats a bunch of bull.