Buying a new home can be a great experience, but it can also be quite daunting. In addition to choosing the right lender (link to home page), you also need to choose the right title company. The title company, or closing agent, will officiate the closing of your loan and make sure the loan documents, title work and insurance are all properly executed and recorded.
With the right title company, you will find that the closing is going to go much smoother and faster. If you are working with a poor company, you will find that there might be a number of mistakes in the paperwork and the entire process becomes frustrating, lengthy and may even leave you with potentially expensive problems down the road.
Don’t be afraid to shop around & compare
Many times, the lender will have a title company with which it works and will tell you that you should choose to use them. While they might be a great company, it is important that you choose do the research and choose the company with which you want to deal. You have the right to choose, and you should take it so that you get the best deal possible.
When you are getting ready to find your title company, you are going to want to shop around. Get detailed quotes from a number of different companies and make sure that they include all of the fees and charges associated with their service so that you know exactly what it is that you are paying for when you use them. Many of the title companies charge courier fees, wire fees, and overnight fees, and it is important that you are aware of them.
Be sure to ask lots of questions
Once you have chosen a title company, make sure that you ask plenty of questions before you get started. Ask the officer who is helping you about the length of time they’ve been doing the job. Make sure that you know the company’s hours of operation in case you need to get a hold of them at any time. This is also a good time to make sure that you double check the fees.
Because buying a new home is a new experience for most people, they don’t know what is expected of them. This is something that you should ask of everyone that you deal with from the realtor to the lender and the title company. Make sure that you know everything that you must do at every step of the journey to home ownership so that the process goes smoothly.
As with most things, the best way to choose your title company is through research. You might also want to see if anyone you know who has recently bought a home can recommend their title company.