Closing Costs- Title Questions

QuestionsClosing Costs- Title Questions
asked 4 years ago



I received my Navy Federal Credit Union Closing Costs detail and I would like to get some advice from you.


What is the difference between the following:


A) Title Survey Fee $ 500 (cannot shop for) (Is this a survey of the property??)

B) Title- Lenders Coverage Premium $ 350 (can shop for)

C) Title- Settlement Fee $ 350 (can shop for)

D) Title- Owners Premium $ 1313 (Seller is giving me this credit)


My contract states that the seller is paying for Title owners policy equalling to $ 1313.

So what’s A,B,C??


Sorry for the stupid question. I figured I would ask you and then Monday get clarification from NFCU.



Register New Account
Reset Password