Is Title Insurance Necessary During a Refinance? Is title insurance needed to refinance your mortgage? That’s a good question. Homeowners want to refinance their mortgage for different reasons. For example, people want to take advantage of a lower interest rate, eliminate Private Mortgage Insurance (PMI) or to cash out a portion of their home’s equity. Be sure! Title insurance is still needed for refinancing. No
Introduction
Short and sweet: title insurance. It's what we do best here at Landmark Abstract! Under this blog category, you'll find a lot of articles about the subject, of course.
What Is Title Insurance?
Title insurance is protects you, your property, and your lender. You and your bank have a financial interest in your property, right? Your policy protects you from title defects and errors as long as you own your home. Read more about it here! We feel it's a necessary part of purchasing and owning a home.
Topics Guide
First, if you want more of a guide to learn more, we have a great post that lines up all our posts under this category. Next, we grouped them according to basics to more advanced title insurance topics. Read the guide here, and find the article you want!
Downloadable Resources
Our Downloadable Resources page is also a treasure trove of information for this subject, too. Click on the link above to get started! May we suggest this particular handout, as well?
Conclusion
Overall, title insurance is a vital part of purchasing and owning a home. It protects your financial interest from problems that may pop up later down the road of home ownership. Sure, you may find yourself questioning the cost, but your policy will give you peace of mind.
To conclude, title insurance give you security. Why wouldn't you want that for you and one of the largest purchases you'll ever make in your life? Also, if you'd like to know more and use us for your next settlement, contact us!
What Exactly Is Title Insurance?
April 08, 2019 / Categories: Title InsuranceReal estate is the nation’s largest market, its purchase and sale are essential to the health of the U.S. economy. However, these transactions are never without risk. That’s why title insurance has been protecting American homeowners for more than 130 years, but what exactly IS title insurance? We are here to explain what title insurance is, and how it can benefit you. Title Insurance. What
Getting Owner’s Policy Protection
March 27, 2019 / Categories: Policy Information, Title InsuranceProtecting Your Home With an Owner’s Policy There are two types of title insurance. The first is owner’s title insurance, called an Owner’s Policy. The second is lender’s title insurance, called a Loan Policy. To start, most lenders require a Loan Policy when they issue you a loan. The base amount of this policy is the dollar amount of your loan. It only protects the
Cash Purchases and Title Insurance: Is It Needed?
March 19, 2019 / Categories: Title InsuranceThe Value of Title Insurance for the Cash Purchaser Owner’s Coverage – An Essential Option Here’s the story of a real claim from one of our underwriters. It stresses the importance of always purchasing an Owner’s Policy of title insurance with cash purchases. Yes, cash purchases and title insurance go together and need to go together! Claim Summary Facts For example, a $1.2 million owner’s
Lincoln Lost His Home Twice!
March 19, 2019 / Categories: Articles, Residential, Title Insurance, VideosLincoln Lost His Home Twice Because of Title Defects Losing a home is a cruel thing, but life can be cruel—even to those destined for greatness. Abraham Lincoln was born in a meager, one-room cabin on the Big South Fork of Nolin’s Creek near Hodgenville, Kentucky. It had a dirt floor, one window, and a sticky-clay chimney. Lincoln’s father, Tom, had paid $200 for the