Closing Costs

Title Tip: Is Refinancing Worth it?

By Lydia Blair / November 3, 2020 / 0 Comments

The refinance market is booming with homeowners taking advantage of record low interest rates. However, millions of homeowners are passing on the opportunity to save money by refinancing their current home mortgage. Many of those mortgage holders are just not sure if refinancing is worth it. The Pros And Cons Refinancing is replacing a current […]

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Title Tip: What Are Non-Allowable Fees on Government-Backed Loans?

By Lydia Blair / July 28, 2020 / 1 Comment

A reader writes: “I have an offer on my house and the buyer is getting a VA loan. Because of this type of loan, my agent says I will have to pay some of the buyer’s closing costs and I’ll make less on my sale. My agent doesn’t know how much those closing costs are […]

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Title Tip: 2019 Data Shows How Texas Ranks on Closing Costs

By Lydia Blair / April 7, 2020 / 0 Comments

Recently released national closing cost data showed that in 2019 average closing costs remained flat despite an increase in home prices. The average closing costs in Texas was $3,744 with an average sales price of $274,163. The average closing costs in Texas was 1.75 percent of the sales price. That put Texas ranked 28th in the […]

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Title Tip: Title Companies Are Considered Essential Services, But They’re Adapting

By Lydia Blair / March 24, 2020 / 1 Comment

Title companies are considered an essential service along with appraisers, banks, and mortgage companies. Most of us are still conducting business and working hard for our clients. Like all businesses in Texas, the U.S., and the world, we are operating in a different way during this health crisis. We have a duty to take care […]

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Title Companies Are Still Open For Closing Despite Coronavirus

By Lydia Blair / March 19, 2020 / 1 Comment

As the situation with the novel coronavirus continues to evolve, the title business is responding. Currently, the title business is not seeing many interruptions in business. For the most part, transactions are not being delayed or canceled due to current restrictions. Aside from a few inconveniences, it’s mostly business as usual in the title world. […]

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Title Tip: The Romance of a Cash Offer

By Lydia Blair / February 11, 2020 / 0 Comments

A cash offer is more appealing to a seller than an offer contingent on the buyer financing the purchase. How much a cash offer appeals to a seller is debatable.

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