Note: You won’t receive a Loan Estimate or Closing Disclosure if you applied for a mortgage prior to October 3, 2015, or if you're applying for a reverse mortgage. See an interactive sample Loan Estimate form. If you choose to purchase owner’s title insurance, it will be listed in section H of your Loan Estimate. If the title services are listed in Section C, you can shop for them separately. Title service fees are listed in section B or C of page 2 of your Loan Estimate (and in section B or C of page 2 of your Closing Disclosure). In most states, the fee for conducting your closing is also a part of the title service fees. Title service fees include the title search fee, the premium for the lender’s title insurance policy, and other costs and services associated with issuing title insurance. Lender’s title insurance is usually required to get a mortgage loan. Common claims come from a previous owner’s failure to pay taxes or from contractors who say they were not paid for work done on the home before you purchased it. Title insurance can provide protection if someone later sues and says they have a claim against the home.
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