Refi canceled after surprise changes

Q: I was going to refinance the loan on my house. The day I was going to go to the office to sign the closing papers, I asked again what the loan amount and monthly payment would be. Well, it had changed and was higher than what I was told originally. So, I cancelled the refinance.

My appraisal fee was going to be free, but now they're saying I have to pay it because the loan was not closed. But the only reason I did not close was because the figures changed. Do I have to pay it?

All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.