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13 August, 02:09

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

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  1. 13 August, 02:27
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    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.
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