Buyer Closing Expenses:
Lender fees - buyer is responsible for the all lender fees associated with the mortgage that he/she is taking out for the purchase of the new home. Such fees may include, and not limited to: origination and discount fees, underwriting fees, credit report fees, escrow, prepaid interest, etc. Also, lender may also charge third party fees to the buyer, such as appraisal and a survey. There are many fees associated with taking out a mortgage, so shop wisely, and know the fees ahead of time. Many lenders charge fees higher than the industry standards, and many charge no fees at all. Shop around.
Buyer is typically responsible for all third party inspections, such as home inspection and termite inspection.
Title company fees:
Your Home is, or will be, usually your most valuable asset. Protecting it from fraudulent claims against your ownership, liens, and undisclosed heirs are just some of the reasons you need title insurance. In this site you will find information on the steps you need to take to purchase a home and secure your ownership. The real estate business could be extremely complicated for the average consumer. Title problems or defects are many times hidden, and it takes a professional examiner to uncover them. Even with all the technology, experience, and expertise available to us, the title agencies, many times title defects are hard to discover, and may create problems and affect your ownership down the road. To avoid such costly mistakes, be sure to purchase a title insurance. It’s a small price to pay for a peace of mind.
It's your investment - it's your choice: contact your Real Estate agent or Attorney and insist on United Title Group.