Question for the Appraisal Fee and interest rate

[*#06#]

Should the broker cover the Appraisal Fee for the customer?
by the way, i got the interest rate at 3.45%, but the compounding period is Semi-Annual. how big the difference between Semi-annual and Annual? does anyone know?
thanks in advance.

 

[Attitude]

I have never heard annual compound....

 

[*#06#]

it is 3.45% for 4 years and compounding period is semi-annual.

 

[jmm]

lender always offer semi-annual rate compound, never has annual rate in the real life, in the book. maybe. Because right now people always use computer to caculate for you, you just got the # at the end, if you use HP financing caculator, you will see the # how is come from. Just 3.45% for 4 years fixed it is too good to be true.

 

[TinaZ]

Can you tell which bank that is?