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.