Attention Spring Home Buyers: ENTITLE DIRECT Releases Closing Cost How-To for Home Buyers, Sellers and Refinancers
The Smart Consumer's Guide to Reducing Your Closing Costs will help consumers save significant money and demystify the closing process
STAMFORD, Conn.--(BUSINESS WIRE)-- Buying or selling a home can be a complicated, lengthy process with seemingly too much paperwork. That's why consumers who wait months and jump through hoops are often shocked by what they see as exorbitant charges - known as closing costs - at the end of the transaction. To remove the shroud of mystery from the confusing closing process and to save consumers hundreds or even thousands of dollars, ENTITLE DIRECT today released the free Smart Consumer's Guide to Reducing Closing Costs.
As America's first direct-to-consumer title insurance company, ENTITLE DIRECT released the Smart Consumer's Guide as a layman's bible for closing costs and a must-read for homebuyers or sellers. The Guide defines each of the individual charges associated with the real estate closing process, including expensive hidden fees. For every charge, the Smart Consumer's Guide explains whether or not that cost could be shopped, waived, negotiated or passed on to another party, all without the usual legalese. Smart Consumer's Guide readers will discover that many expensive closing costs can be mitigated significantly. Consumers could save thousands of dollars by following simple tips, such as:
Those looking to purchase or refinance should shop around for all items involved in the closing cost process. It's important to keep sight of cost versus offering: it doesn't always make sense to aim for what seems cheapest.
Buyers or sellers should compare vendors to receive services for a far lower cost, including pricey fees for title insurance and settlement services, and negotiate other costs such as wire transfer fees.
Buyers may get sellers to take on a good portion of the fees associated with the closing process or a percentage of the total closing costs. This option should always be considered when conducting overall negotiations with the seller.
"We published the Smart Consumer's Guide because consumers should know what they're paying for and not pay any more than they need to," said Timothy Dwyer, CEO of Entitle Direct Group and Founder of ENTITLE DIRECT. "Many consumers don't understand the magnitude of closing costs until the day of closing, when it's entirely too late to reduce them. Further, many don't know that these costs can be significantly reduced by shopping for these services."
With the spring home buying season heating up, the release of the Smart Consumer's Guide is full of timely advice. To that point, Dwyer states, "At ENTITLE DIRECT we are seeing an increase in home purchase activity and we believe this guide will especially help spring home buyers and sellers save on closing costs. Of course, interest rates are still at near record lows and homeowners refinancing their loans to lower rates will also find our closing cost tips beneficial."
Dwyer adds, "Entitle Direct Group was founded in 2006 to help consumers take control of the mortgage process and save significantly on closing costs. ENTITLE DIRECT supports true transparency in the real estate closing and financing process. Additionally, as the country's first direct-to-consumer title insurance company, ENTITLE DIRECT's title insurance premiums are up to 35% lower than our competitors. When home buyers, sellers or refinancers really shop around, they learn they can save big with ENTITLE DIRECT."
To receive the free Smart Consumer's Guide to Reducing Your Closing Costs,please visit http://www.entitledirect.com/The_Smart_Consumers_Guide_to_Reducing_Closing_Costs
About ENTITLE DIRECT:
Entitle Direct Group, Inc. is based in Stamford, Connecticut, and is the parent company of EnTitle Insurance Company, the country's first direct-to-consumer title insurance company offering savings of up to 35% on title insurance. ENTITLE DIRECT (www.ENTITLEDIRECT.com) is the direct-to-consumer distribution channel of EnTitle Insurance Company. ENTITLE DIRECT already has saved consumers millions of dollars on title insurance. Entitle Direct Group, Inc. is supported by an investment from an affiliate of PartnerRe Ltd. (NYS: PRE) .
EnTitle Insurance Company was founded in 1978 in Cleveland, Ohio, where it remains headquartered today. EnTitle Insurance is regulated by the Ohio Department of Insurance and is approved to issue title insurance by the Department of Insurance in every state where its policies are offered. EnTitle Insurance Company is a member of the American Land Title Association and only issues policy forms approved by the American Land Title Association and other state associations where applicable.
Timothy Dwyer, CEO of Entitle Direct Group, is available for interviews.
Kinelam Bolgaire, 646-926-6405
KEYWORDS: United States North America Connecticut
The article Attention Spring Home Buyers: ENTITLE DIRECT Releases Closing Cost How-To for Home Buyers, Sellers and Refinancers originally appeared on Fool.com.
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