- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Home Purchase: Getting cheaper title work
Posted on 7/18/16 at 3:21 pm
Posted on 7/18/16 at 3:21 pm
I have seen quotes that are all over the board when getting financing for my next home. Each lender basically recommends you use their buddy with Title Company X but I am hoping the TD Money Gurus can point me in the right direction to get a fair deal.
TIA for any help. You are all invited to the housewarming, provided my wife gives the OK
TIA for any help. You are all invited to the housewarming, provided my wife gives the OK
3
Posted on 7/18/16 at 3:49 pm to Finch
Title Insurance is a set amount governed by the state based on the sales price. Your only wiggle room is in the doc fees. The suggestion I received is to find out which title company the current homeowner used if they only had the home for a few years...that company should drop some of the doc fees since they have some of it on file.
Posted on 7/18/16 at 4:09 pm to Finch
You have the option on who to choose for your title work, no matter what your lender says. If you are in the BR area, shoot me an email at my username at yahoo.
Posted on 7/18/16 at 4:10 pm to LSU1018
is it true ya'll get like 70% commish?
Posted on 7/18/16 at 4:20 pm to Finch
Each lender is required to disclose a certain title companies fees. You are not required to use that certain company and have your choice to shop who you would like to use.
Posted on 7/18/16 at 6:19 pm to Chad504boy
75-82% on title policies.
Posted on 7/18/16 at 7:46 pm to Bear Is Dead
If any lender says you have to use a title company of their choice, have him shoot you an email. Then sue his arse.
This post was edited on 7/19/16 at 6:14 pm
Posted on 7/19/16 at 9:03 am to Chad504boy
quote:
is it true ya'll get like 70% commish?
This all depends on the company. As the other person stated, title insurance is the same rate no matter what title company you choose. Don't let someone talk you into getting an enhanced policy. The other fees associated with the closing are the ones you should shop.
Lender fees are where you can save money more than anything. Some do a flat fee but others do an origination fee. Origination fee may not be terrible if you are buying a smaller house but on a big house, that's a significant amount.
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News