Ask Question
7 July, 06:52

Which of these fees is paid at the closing when a home purchase is finalized?

A. Moving costs

B. Realtor fee

C. Interest rate cap

D. Title insurance

+1
Answers (1)
  1. 7 July, 07:01
    0
    d.) Title insurance is one of the fees that is paid at the closing of a home purchase when it is finalized.

    There are two types of title insurance.

    1) Lender's Policy Title Insurance - this is an insurance to assure the lender the you own the home and that the mortgage applied is a valid lien. This happens when you buy a house through bank financing.

    2) Owner's Policy Title Insurance - this is an insurance policy that protects you as the owner of the house when third party contests your ownership of the house.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of these fees is paid at the closing when a home purchase is finalized? A. Moving costs B. Realtor fee C. Interest rate cap D. Title ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers