Heights Title

  There are various things to learn as a first-time homebuyer. Even if you are a seasoned realtor, states have different requirements and restrictions, so what is a necessity in your town may not be a prerequisite in another. If you are looking to purchase a new home or property in Florida, buyer closing costs and prepaids are some of the critical areas you should review. Below is a brief look at these costs, including what to anticipate: Property Price The price of the property you are purchasing remains the major buyer closing cost. It is also known as the Contract Sales Price on the Integrated Disclosures. Lender’s Fees There are various lender charges you will be expected to pay during the closing stages. This includes: Application Fee –  Is offered to cover the cost of setting up your new file Processing Fee –  Is required to cover all the costs of arranging the loan and or managing the loaning process Underwriting Fee –  Is required to pay the underwriter for their due diligence

There is a lot to think about when buying a home. From mortgage costs to property taxes to homeowners and mortgage insurance. Some people don’t want to think about Owners Title Insurance as well, but they should. Here are 4 reasons why you will be happy you took the time to find and buy an owners title insurance policy. Title Insurance Protects Your Investment A home is a large investment. For many people it will be the single largest investment they have. (I do know someone who bought a truck that cost more then their mobile home, and I know someone else with a Lamborghini that cost more then their condo, but for the average person, the home is the most valuable investment they have). Title insurance protects that investment from any legal issues that may come up from before you purchased the property. You protect your car, your home, your property, and even your life with insurance. Title Insurance protects your title to the land and home you live in.   Title Insurance Reduces Your R