Do I have to pay the lender's title insurance?

Buyers typically pay for the lender's title insurance — they're often required to by the lenders.

What is title insurance?

Title insurance protects you and your mortgage company against title defects and issues, and insures you against any resulting financial loss. It's usually split into three expenses : an owner's policy, a lender's policy, and title fees.

How much are title insurance fees?

Title fees are typically 0.5–1.0% of a home's purchase price and can run as high as $1,000. Your loan amount and location can impact your title insurance fees . Plus, individual title insurance service fees often vary between providers.

Elizabeth Boyd

Elizabeth Boyd is a freelance writer who enjoys helping people understand complex subjects through her online content. She has a diverse employment history, working as a paralegal, real estate associate, English tutor, and material control government contractor in the past. She has also lived abroad and traveled extensively due to her military family background.

She segued from paralegal work to writing in 2008 when she assumed the role of Associate Editor for Wickstom Publishing in Denver, CO. Since then, Elizabeth has developed an expansive writing portfolio crafting content for many industries on numerous topics.

Elizabeth studied journalism at the University of Maryland, Munich Campus, Germany, and earned her AA in paralegal studies from Pikes Peak Community College in Colorado Springs.

Elizabeth enjoys reading, cooking, singing, traveling, watching TV, and spending time with family in her free time.

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