Non-Refundable Deposits

If you are considering a new mortgage one thing to make sure you do NOT do is work with a lender that requires a non-refundable deposit. Frankly, this is completely lame because all they are doing is trying to get you to put some "skin in the game" so you feel obligated to move forward. This is a very popular trick the larger lenders like to play, but any lender may ask for this. If they do then walk away because they are not a company you want to work with.