Touchstone Monthly Fees

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CondoCertshandles our fee based documents. This is a link to their website, where you may purchase documents. If you need assistance with other questions, you may reach their customer service at 800-310-6552.

Touchstone Properties is pleased to announce a partnership with ClickPay. ClickPay is a technology company specializing in electronic payments. Echeck and ACH payments are free. The fee for credit card payments charged by the credit card company will be as follows:

To make your payment, you will need the name of the owner as stated on the deed and your unit number as stated on your payment coupon. To register for electronic payments, click on the ClickPay Icon below, then click on the register button on the right and search for your association on the website. FYI-You will be directed to www.clickpay.com/touchstone, this is the secure site where you will be making your maintenance fee payments.

We will continue to accept bank lockbox payments by check with the attached coupon as well as our Automatic Payment Program, which is a monthly ACH debit from your specified bank account. These methods of payment are free of any additional fees to your payment.

An Annual Percentage Rate (APR) reflects the mortgage interest rate plus other costs, which are charged to borrowers and paid to lenders. Many costs are associated with taking out a mortgage. The interest rate is the cost of borrowing the principal loan amount over the whole length of the mortgage term. The APR is a broader measure of the cost of a mortgage because it also includes the interest rate plus other costs such as broker fees, discount points and some closing costs.

A PMI policy protects the lender, if the borrower fails to make a mortgage payment. Buyers that are required to have PMI will pay a monthly premium to the insurance company. The charge for PMI is usually included as a part of the monthly mortgage payment. The policy coverage will pay a portion of the mortgage balance to the lender if the buyer fails to pay back the home loan.

This is one of the final stages before your loan is funded, prior to your scheduled closing date. It means the Underwriter has reviewed and signed-off on all necessary documents and issued a final approval.

The appraised value is determined by such aspects as an inspection, upgrades, additions and comparable properties recently sold in the same market. If the appraised value is lower than the agreed price, the transaction can be canceled or delayed until either the seller lowers the price or the buyer increases the down payment.

If you already have one or more real estate closings under your belt, tell us what you think of our list. Were there any terms that you feel we left out? Let us know in the comments below or give us a shout on social media. If you found this list helpful, please share it with a friend you think could use it.

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