Title insurance protects mortgage lenders and homebuyers against certain problems or defects with a title during and following a transfer of property ownership. If there is a title dispute during the sale of real estate, the insurance company will generally pay for legal damages covered by the insurance policy. Title insurance premiums can range from […]
Title Insurance
What is a Real Estate Settlement?
Buying or selling a home is often a long, tedious process with many variables involved. One part of the process that everyone can look forward to is the closing. Also referred to as a ‘real estate settlement,’ the closing on a home is the final step before the buyer receives the keys, documents get recorded […]
What Is Owner’s Title Insurance?
Errors in property ownership records are more common than you think. If you are in the process of purchasing a home, your lender may have spoken to you about owner’s title insurance. This type of insurance covers potential damages in the event that a third party contests your ownership of a property. While most lenders […]
How To Do A Title Search On A Property
When purchasing a new property, it is important to conduct a title search before signing any contracts. During this process, public records are reviewed to determine the rightful ownership of the property and identify any financial burdens, such as unpaid property taxes or mechanics liens, that must be resolved before the sale can continue. Doing […]
The Pros and Cons of Refinancing a Home
Once you sign a deed of trust agreement (commonly referred to as a mortgage) and move into your home, your interest rate does not have to stay the same forever. When mortgage rates drop, you can go through the refinancing process, which gives you a new mortgage that you can use to pay off the […]