Closing Costs- Title Questions

QuestionsClosing Costs- Title Questions
asked 4 years ago

Hello:

 

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.

 

 

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