When you buy a home, you have different types of protection you must buy. You are probably familiar with homeowner’s insurance and maybe even flood insurance. But, did you know that you must also buy title insurance? Compare Offers from Several Mortgage Lenders. Did you also know that just like shopping for homeowner’s insurance, you can shop around for a title company as … [Read more...] about Can You Pick Your Own Title Company?
Buying a home means paying a whole slew of fees, especially if you secure mortgage financing. You’ll have the fees charged by the lender, of course. But, you’ll also pay third-party fees, including those charged by the title company. One fee you’ll see on your closing statement is the ‘title search fee.’ Get Matched with a Lender, Click Here. Keep reading to learn what this … [Read more...] about How Much will my Title Insurance Policy Cost?
When you buy a home, you’ll hear terms such as ‘lender’s policy’ and ‘owner’s policy’ when the lender talks to you about title insurance. Understanding the difference between the terms, how much they cost, and who pays for them can help you decide what type of coverage you need. Get Matched with a Lender, Click Here. What is a Lender’s Policy? If you take out a mortgage, the … [Read more...] about Owner’s Policy vs. Lender’s Policy: How are they different?
An important part of the closing process is having a title search. But what exactly is a title search? Many homeowners lack total knowledge about this significant part of the home buying process. For most, entrusting title searches through an escrow servicer is easier. However, it is also possible to order for a title search on your own or through an attorney. Let’s look … [Read more...] about So Let’s Talk About Property Titles