Whether purchasing your first home or investing in real estate, understanding the paperwork involved is crucial to protecting your investment. One of the most essential
Estate planning is essential for anyone looking to protect their assets, provide for their heirs, and ensure a smooth transfer of wealth upon their passing.
When you purchase a home or property, title insurance is one of the most essential documents to ensure your investment is protected. Title insurance safeguards
Estate planning is crucial for individuals who want to ensure the orderly transfer of their assets to heirs and beneficiaries. While many focus on wills,
Title insurance is a critical component of the home-buying process. It protects property owners and lenders from potential financial loss due to defects in the
Estate planning is a critical process for ensuring the smooth transfer of assets and wealth from one generation to the next. It involves legal
| Provider and Settlement Service | Charge or Range of Charges |
|---|---|
| Sonic Realty LLC | 1%-6% of purchase price |
| Sonic Title Agency, LLC |
Title Insurance Policy: $950 - $1706 on a $250,000 property. (Rates vary and are dependent on the state, selling price, and loan amount on the property.) Title Search Fee: $250 - $325 (where applicable) Closing Fee: $450 - $650 |
|
Sonic Loans Inc. This company provides various real estate mortgage loan origination activities either as a third-party originator or a mortgage broker, including loan pre-qualification, competitive bid process (when providing third-party origination services), loan origination, loan pre-approval, loan structuring, processing, and closing. |
Loan Origination Charge: 0-3 % of loan amount (may include 3rd party fees) Loan Discount Fee/points: 0.5%-6% of loan amount. Application/Processing Fee: $0.00 - $875.00 Flood and tax service: $0.00 - $95.00 Underwriting Fee: $0.00 - $1295.00 Document Review Fee: $0.00 - $400.00 Appraisal Fee: $0.00 - $850.00 Credit Report Fee: $0.00 - $135.00 Actual charges may vary according to the particular lender selected, the particular services provided, and the underlying transaction, borrower selections, etc. Some or all of these fees may be charged by third parties and/or the Member Mortgage Lender/Mortgage Broker. The Member Lenders and Mortgage Brokers have agreed to pay a fee ranging from 0.5% to 2.75% of the loan amount to Sonic Loans in connection with a range of loan origination services provided by Sonic Loans to the Member Lender/Mortgage Broker. The fees are paid either directly to Sonic Loans by the Member Lender/Mortgage Broker or billed directly to you at closing. |
| Provider and Settlement Service | Charge or Range of Charges |
|---|---|
| Appraisal Fee | $0-$800 |
| Credit Report Fee | $63-$125 |
Sonic Title Agency provides effortless and speedy closings for Michigan clients. Our experienced team prioritizes smooth and easy transactions for residential homes, investment properties, commercial buildings, and vacant land, ensuring professionalism and urgency every step of the way.
