Question

Who typically covers the appraiser's fee in the mortgage process?

A) The borrower
B) The seller
C) The lender
D) The government

Answer 1

The borrower typically covers the appraiser's fee in the mortgage process.

Step-by-step explanation:

In the mortgage process, the borrower typically covers the appraiser's fee. An appraiser is a professional who determines the value of the property being purchased or refinanced. The fee for the appraisal service is often paid by the borrower as part of their closing costs.