|
Title Charges
These charges are the 1100 series of the Good Faith Estimate
1101 Closing or Escrow Fee – Paid to the Title Company for closing your loan. This fee is estimated and can vary from title company to title company.
1105 Document Preparation Fee – Investor charge for their attorneys to review the closing papers.
1106 Notary Fee – Fee usually charged when a Notary Republic closing the loan or is needed to witness signatures on the loan.
1107 Attorney Fees – Paid to an independent attorney for reviewing the closing papers.
1108 Title Insurance - Paid to the Title Company for your property title insurance. On a purchase this fee is small for the mortgagee policy usually paid by the borrower. The owners title policy is normally paid by the seller and is approximately 1% of the sales price. These fees are set by the State Board of Insurance.
|
