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Frequently Asked Questions
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- How do you calculate the title insurance premium?
- How can I pay less interim interest and save some money?
- What are recording costs?
- What does settlement mean?
- Do I need an attorney to do the settlement on the purchase of my new home?
- The quote I received from you is much higher than the other quotes I received.
- Why does the quote I received from the other title companies include wiring and overnight fees?
- Do you offer a discount in Florida?
- I am being charged more money because I need to close my loan after I get off of work. I don’t want to miss a day’s pay.
- Where can I close my loan or home purchase?
- What does myClosingSPACE charge for the closing and settlement of my transaction?
- What other fees might appear on the myClosingSPACE quote?
- I have to close in three days... can you do it?
- When will I find out how much money I will need to bring to closing?
- Where are your offices located?
- What will we do with your email address?
How do you calculate the title insurance premium?
Title insurance is government regulated and the premium is based on the purchase price, loan amount, state, and
even the county of where your property is located.
How can I pay less interim interest and save some money?
To save interim interest, the best time to close your loan is the end of the month.
What are recording costs?
Recording costs are fees charged by your local municipality for the recording of documents such as the mortgage or
deed in the public records. Recording costs are clearly displayed on your myClosingSPACE.com quote.
Where allowed by state regulation, recording fees may be included in our low myClosingSPACE.com Flat Fee.
What does settlement mean?
Settlement is the actual closing of your mortgage transaction.
Do I need an attorney to do the settlement on the purchase of my new home?
We recommend that you use an attorney to review the contract of sale between the buyer and seller.
myClosingSPACE.com can save you hundreds of dollars by doing the settlement
since we charge a single low fee. Certain states may require an attorney for the settlement of a real estate
transaction. Ask us about specific regulations in your state.
The quote I received from you is much higher than the other quotes I received.
Our title insurance quote includes the lenders policy, the owner’s policy, and the endorsements. Some title
companies list these fees separately. Be sure to add up all of the fees and then compare it to our quote.
Why does the quote I received from the other title companies include wiring and overnight fees?
Most companies charge miscellaneous fees. Some of these fees are wiring, overnight, courier, and notary fees.
We do not charge these fees. They are not hidden, they are just omitted.
Do you offer a discount in Florida?
Yes, Florida allows us to offer the Butler Rebate. Depending upon the purchase price, it is either 30% or 40%.
We discount your premium with this amount. Make sure to ask the other title companies if they offer this discount.
I am being charged more money because I need to close my loan after I get off of work. I don’t want to
miss a day’s pay.
At myClosingSPACE.com, you are not at the mercy of our schedule, nor do we charge you any
additional money because you need to close after normal business hours. We will close your loan any place, at any
time that is convenient for you.
Where can I close my loan or home purchase?
At myClosingSPACE.com we can accommodate your closing at your choice of home,
office or anywhere else at a time that is convenient for you – nationwide!
What does myClosingSPACE.com charge for the closing and settlement of my transaction?
We can save you hundreds of dollars by doing the settlement since we charge a single low fee of $299-$399 based on
state regulation and closing requirements (closing services in NJ are $300 due to state regulations). This includes scheduling
and attending the settlement, coordination with your lender and in most states disbursement of funds and escrows.
Certain states may require an attorney for the settlement of a real estate transaction - the fee for attorney
services will be clearly itemized on the myClosingSPACE.com quote.
What other fees might appear on the myClosingSPACE.com quote?
In states other than NY, NJ PA & FL, our national underwriters may charge additional fees in the title insurance and
settlement transaction. These will be clearly itemized on the myClosingSPACE.com quote and may include (but are not
limited to) document prep fees, tax research fees and disbursement fees. Recording fees for the recording of
documents in the public records are clearly detailed in your myClosingSPACE.com quote.
I have to close in three days... can you do it?
Yes. We can often close in as little as 2 business days. Because we do so much business all over NY, NJ, FL & PA
we are well known at the courthouses. Therefore, we would simply put a "rush" on your order. There is no
additional fee for this. Be sure to ask us if you have a rush order in any other state.
When will I find out how much money I will need to bring to closing?
Your settlement statement will be reviewed with you the day prior to closing. The Transaction Manager that is
assigned to you will review all the fees with you so that there are no surprises at your loan closing.
Where are your offices located?
We have offices in NY, NJ, FL & PA, with more nationwide offices coming soon.
myClosingSPACE.com can accommodate your closing at your choice of home,
office or anywhere else at a time that is convenient for you – nationwide! (TX – closings must take place at an
attorney’s office).
What will we do with your email address?
When you provide us with your email address you are agreeing that we will use your email address as described below.
- We will use your email address to send you a guaranteed quote for title insurance
- We will use your email address to register you to view your quotes and orders online at myClosingSPACE
- We will send you emails about your free quote as well as monthly updates about title insurance services
- We will give you the option to opt out of these emails at any time by clicking on a link at the bottom of any email
- We will respect your right to privacy in every way
- We will not share your email address with any third party
- We will not sell or otherwise market your email address to any company or marketing group
- We will not send you offers from any other companies for related services
- We will not send you offers from any other companies for unrelated services
- We will not determine what other interests you may have relating to title insurance
We will give you a guaranteed quote for title insurance and a first class customer service experience.
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