Appraisals for multiple lenders?I have a question regarding appraisal fees. I am shopping around for rates for a refi on my home. One direct lender I am working with has given me the GFE and wants to schedule an appraisal of the property. Since I am not ready to commit to this particular lender just yet, I told him I don't want to pay the $400 for the appaisal fee. He countered this by saying a new law has been put in place that says home owners can use the appraisal for multiple lenders/brokers and also also offered to refund my $400 if I chose to work with another company. (on GFE)Another lender I called (also direct) said they had only 3 or 4 approved appraisers so the $400 I paid before would essentially have to be paid again. Can someone please enlighten me on what the rules are here. I have always been in the know about the latter so having the ability to shop around with the same appriasal is new to me and I have not seen anything on the WWW about this. Please advise May 11 2010 - Almaden Valley00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.