Joke Posted May 10, 2013 Share Posted May 10, 2013 I'm refinancing (again) -- I just can't pass up 2.875% fixed 15-year mortgage with a net credit to me after closing fees. In reading the fine print from the mortgage lender, I see that I have the right to pick my own Title Insurance company for the closing (and title insurance itself). I've refinanced a few times, but I've always just gone with the Title co selected by the lender. From what I understand of the Itemized Fee Worksheet they sent me, the title company will be getting $600 on top of the cost of the title insurance ($105 for "TX Doc Review Fee" and $495 for "Escrow Fee"). I see another $176 that I think is actual mandated state/local fees ($50 "Tax Cert", $2 "Texas Policy Fee", and $124 "Recording Fees"). So anywyay, I figure there's got to be some title company out there that would be willing to do it for less than the $600 that this company (Unisource) is charging. Anyone know any good title companies for this? Or a good way to find one? Thanks!Joe Link to comment Share on other sites More sharing options...
RedScare Posted May 11, 2013 Share Posted May 11, 2013 $600 sounds cheap. I just paid about $1500 for my refi. Link to comment Share on other sites More sharing options...
Joke Posted May 13, 2013 Author Share Posted May 13, 2013 Yeah, I have no idea what's cheap or expensive. But since the mortgage lender is picking and I'm paying, seems unlikely that I'm dealing with a cheap title company (the mortgage lender has zero incentive to find a good price for this.) And just to be clear -- the title insurance with endorsements is actuall $1500. But that rate is set by regulation in Texas, so shopping around won't do me any good there. Was your $1500 the total paid to the title company, or just their discretionary fees? Thanks. Link to comment Share on other sites More sharing options...
Guest emortgage2015 Posted October 24, 2015 Share Posted October 24, 2015 I beleive this is total paid of the title company. Try to ask an assistance to any home loan specialist or mortgage loan company to know the options you have. There is a company that you can request a quote for FREE. In this case you can get the clear idea if the cost you are paying is actually cheap or there is more options that much cheaper as compared to the current one you have. Link to comment Share on other sites More sharing options...
TedBundo Posted May 18, 2017 Share Posted May 18, 2017 Wow $600 is really cheap for title insurance. That is unreal. I don't believe it. It is unbelievable. It is not able to be believed. I have a lack of believe in that. Link to comment Share on other sites More sharing options...
mkultra25 Posted May 18, 2017 Share Posted May 18, 2017 Wow! You're right, it is unbelievable! Link to comment Share on other sites More sharing options...
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