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Non-Conforming Refinancing
Rate Schedule
January 1, 2007
Closing Fee in Office ..............................................................................................................................................................
$ 200
Closing Fee Out of Office in Franklin County......................................................................................................................
$ 225
Closing Fee Out of Office in Contiguous Counties...........................................................................................................
$ 250
Closing Fee Out of Office outside Franklin and Contiguous Counties.........................................................................
$ 275
Closing Fee in Office (simultaneous 2nd Mortgage or Line of Credit)..........................................................................
$ 100
Title Exam (No Extra Title Exam Fee for simultaneous 2nd Mortgage
or Line of Credit) .......................................... $
250
Binder Fee.................................................................................................................................................................................
$ 50
Closing Protection Coverage for Lender.............................................................................................................................
$ 35
Closing Protection Coverage for Borrower ........................................................................................................................
$ 15
Binder Fee ...............................................................................................................................................................................
$ 50
Delivery and Handling Fee ...................................................................................................................................................
$ 20
Deed Preparation (if a Deed is necessary) ......................................................................................................................
$ 25
Recording Fee ................................................................................
$28 for first 2 pages, then $8 for each additional page
Recording for Release of Mortgage ..............................................................
$32 (assuming 2 pages and reference info)
EPA Endorsement .................................................................................................................................................................
$ 75
Survey Coverage ....................................................................................................................................................................
$ 50
Title Insurance .............................................................................................................................................................
See Below
ORIGINAL TITLE INSURANCE RATE FOR LOAN POLICIES
A loan policy shall be issued for the full principal debt or such
other amount as agreed upon between the Company and the proposed
insured based upon the value the proposed insured has allocated
to the land in good faith under normally accepted lending practices.
A policy may however, be issued for an amount in excess of the principal
debt to cover interest, foreclosure costs, etc.
Unless expressly stipulated to the contrary by endorsement to
the policy, liability under a loan policy expires with the payment
of the satisfaction of the mortgage described in the policy, except
when satisfied by foreclosure or other lawful means of acquiring
title in settlement of the mortgage debt. A new mortgage given to
renew an old mortgage debt, whether or not originally covered by
insurance, is a new transaction, creating new liability, and if
insured, carries the original mortgage rate, unless it falls within
the classification of "Reissue Title Insurance Rate for Loan
Policies," or " Title Insurance Rate for Loan Policies
or Refinance Loans."
The following rates for original mortgage insurance applies to
the complete ALTA Form, the ALTA Short Form Residential Loan Policy
or the Master Loan Policy, regardless of whether the policy covers
a first mortgage, or a mortgage other than a first mortgage:
Per Thousand or any fraction thereof:
Up to $150,000 of liability written ...................................................................................................................
$ 4.00/$1,000
Over $150,000 and up to $250,000 ...............................................................................................................
$ 3.25/$1,000
Over $250,000 and up to $500,000 ...............................................................................................................
$ 2.50/$1,000
Over $500,000 and up to $10,000,000 .........................................................................................................
$ 2.25/$1,000
Over $10,000,000 .............................................................................................................................................
$ 2.00/$1,000
Minimum Charge ......................................................................................................................................................
$ 125.00
Reissue rates available upon request
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