Information for Buyers

When your settlement is scheduled with Friendship Title, you will receive an information packet via email.  In the packet is information about the settlement and some forms to sign and return to us. Also included will be a list of settlement costs, excluding lender fees and escrows. Your lender will give you a Loan Estimate which will contain their fees and an estimate of the other costs of the transaction.  As you approach the date of settlement, your lender will furnish you with a "Closing Disclosure" which will itemize ALL costs of the transaction.  

As you purchase your new home you are faced with decisions regarding title insurance.  A lender requires lender's title insurance to protect themselves from flaws in the title, but for owners, the purchase of title insurance is optional!  Why do you want title insurance?  

The business of title insurance is protecting ownership of your home - often the largest financial transaction you'll make in your life.  For a relatively low, one-time premium, you're protected against legal problems over property rights that could cost tens of thousands of dollars - even the loss of your home.  Dollar for dollar, an owner's title insurance policy is one of the most cost-effective forms of insurance available to homeowners.  Best of all, your one-time premium protects you for as long as you or your heirs own your property.