Shop for Title Insurance and Related Services
You can instruct the lender to purchase title insurance from the insurer of your choice. The title insurance premiums shown below are from Boston National, a leading carrier. You can compare those premiums with those charged by the insurer selected by your lender, or by others.
Enter the following information:
Loan Amount: This is the amount you borrow and
are obliged to repay. It includes any cash you are taking out of the transaction, and any settlement costs that you elect to finance
rather than pay in cash at closing. On a refinance, it also includes interest on
the old loan from the last day of the previous month to the day the proceeds of
the new loan are used to pay off the old loan balance.
Loan Purpose: A refinance is cash-out if a) you
draw cash from the transaction in an amount exceeding the settlement costs plus
the lesser of $2,000 or 2% of the new loan amount; or b) The old loan being
repaid was taken out less than 12 months ago and was either a cash-out refinance
or a second mortgage that was taken out after you purchased the home; or c) The
old loan being repaid is a HELOC on which you have drawn in the period since
your home purchase.
Property State: The state where the property is
Property Zip Code: The zip code where the
property is located.
Property County: The county where the property is
Occupancy Type: Your primary residence is where
you live most of the time, and where you are registered to vote. A second home
is one that is not your primary residence. An investment property is one that is
used to generate rental income.
FICO Score: A measure of your creditworthiness on
the FICO scale, which ranges from 350 to 850. If you don’t know your current
score, you can find it by clicking here.