Why Shop for Title Insurance
Consumers who shop for title insurance to compare service and fees can save substantially on their closing costs when buying or refinancing a home. And we're not the only ones talking about it!
New ClosingCorp Survey Finds More Than 50 Percent of Homebuyers Are Still Surprised by Closing Costs
When asked what surprised them about their closing costs, 17 percent of all homebuyers were surprised costs/fees were even required and 35 percent of all homebuyers were surprised that their costs/fees were higher than expected. Read Article
After court ruling, secret payoff schemes may raise settlement costs
"Always shop the market aggressively for your mortgage, title and settlement services. Compare quotes. When service providers aren’t paying for what may amount to referrals, they often can offer you better prices." Read Article
Don’t Fall For These 3 Objections
According to our customers, here are the top 3 objections the real estate industry uses as to why you shouldn’t shop around for title insurance and settlement services. View Top 3 Objections.
FDIC Newsletter
The FDIC encourages consumers, “Consider comparing the prices of several title companies as far in advance of the closing as possible.” View newsletter
How to Shop for Title Services
“The best way to look for a settlement company is to check their website, because a good company will be transparent and put their charges online.” View Article
Shop Around, Compare and Save
Most consumers should comparison shop for title services, but their efforts may have a higher payoff in some states than others. View Article
Choose the Right Title Company
Choosing the right title or escrow company can ensure a smooth settlement day, and it can save you money whether you are buying a home or refinancing your mortgage. View Article
CFPB Booklet
To save money on title insurance, compare rates among various title insurance companies. View e-Book.
ALT has been educating PA and NJ homebuyers for years that they have the right to hire their own settlement services company. Title and settlement fees are not the same everywhere despite what you may have heard.