The Mortgage Process
Why is there a deposit? Will I get it back if I don’t qualify?
This deposit is charged for access and review of your credit and / or property in order to make a lending decision. Once the application process is started, under certain circumstances, some or all of the deposit may not be refundable. If Mortgage Center and your credit union determine that we are unable to provide you with a mortgage (and the appraiser has not performed an appraisal on the property) we will gladly issue you a refund.