Title insurance is important to property owners. In fact, most lenders will require the buyer to get a title insurance policy on the property to protect the lender as a condition of the mortgage loan on it. How long the title insurance lasts will depend on the type of title insurance policy you buy. Why […]
How Often Do You Pay for Title Insurance?
Title insurance is one of the costs that buyers will incur when buying a home with or without a mortgage loan. Mortgage lenders require buyers to get lender title insurance as a condition to making the loan. Lender title insurance protects the lender if any title problem arises post-closing that jeopardizes the lender’s ability to […]
What Does Lender’s Title Insurance Cover
There are several different types of insurance that are important to buy after purchasing a new home, one of which is title insurance. This type of insurance shields both property buyers and lenders against financial losses tied to “defects” or issues with a home’s title, which is a document that functions as proof of legal […]
Can I Buy Owner’s Title Insurance After Closing?
If you’re a homeowner, you likely know about the importance of title insurance — which shields both the buyer and lender in a real estate transaction — and the many benefits it offers. However, you may not know when in the transfer of ownership process you’re allowed to purchase an owner’s title insurance policy. Here […]
What Does Title Insurance Not Cover
If you have recently bought a new home, you are likely seeking to protect your new investment in every way possible. One highly effective way of doing this is by purchasing title insurance. This is a type of indemnity insurance that serves as protection for both homebuyers and lenders against losses associated with issues or […]