Tag: closing costs

First-time homebuyer tax credit clarification

Since November of 2009, when Congress extended the First-time Homebuyer Credit, I have conducted a few hundred real estate closings and have heard a lot of misinformation being shared among real estate agents, mortgage lenders and homebuyers. The...

Continue reading

GFE-based quote tool is now RESPA compliant

Washington, D.C. – Lenders navigating new RESPA rules can bank on the accuracy of Federal Title & Escrow Company’s online quote system to prepare their Good Faith Estimates. “Our online quote is accurate to the penny, or we’ll...

Continue reading

Why aren’t more title companies transparent?

On average, title charges (i.e., settlement or closing fee, title insurance) comprise 70 percent of the total variable closing costs. Since title charges do vary significantly from title company-to-title company in DC, MD, VA, and FL, it...

Continue reading