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Purchasing a home in Delaware
Delaware refinance
Delaware interest rates
Delaware real estate and title settlement attorney
New Castle, Kent, & Sussex County/City Deed Transfer Tax= 1.5% of the sales/purchase price.
Buyer and Seller split 50/50
State Deed Recordation Transfer Tax= 1.5% of the sales/purchase price.
Buyer and Seller split 50/50
The Lender may not charge borrower a processing fee. If refinancing with cash-out, there are no recordation taxes charged on the new money.
Title Insurance premiums:
Lender's Policy |
$2.50 per thousand up to $100,000 |
$2.00 over $100,000 |
|
Owner's Policy |
$1.50 per thousand |
Refinance-
generally 30% reissue on Title premium based on what was paid in title insurance at previous settlement when less than 10 years prior. You must have a hard copy of your Owner's Policy of Title Insurance to give to the settlement company to receive this discounted re-issue rate. See refinance mistakes to avoid..
Typical settlement company will charge the following:
Buyer |
|
Settlement |
$200 |
Title Exam |
$300 |
Title Binder |
$125 |
Recording- Deed |
$34 |
Recording- Mortgage |
$214 |
Survey (if needed) |
$500- $800 |
Archive and FedEx |
$28 |
Seller |
|
Settlement |
$200 |
Document Preparation |
$200 |
Archive and FedEx |
$15 |
Refinance |
|
Settlement |
$300 |
Title Update |
$175 |
Title Binder |
$125 |
Document Preparation |
$25 per release |
Recording- mortgage |
$214 |
Survey (if needed) |
$500- $800 |
Archive and FedEx |
$47 |
Home Equity Loans, Second Trusts |
|
Settlement |
$150 |
Title Update |
$175 |
Title Binder |
$125 |
Doc Prep |
$25 per release |
Recording |
$34 |
Archive and FedEx |
$32 |
Delaware real estate and title settlement attorney
Brennan Title Co.
92 Atlantic Avenue,
Suite B-1
Ocean View, DE 19970
302-541-0400
Fuqua Yori
28 The Circle
Georgetown, DE 19947
302-856-7777
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