Title Insurance
If you're planning to purchase a home in the near future, you'll probably have to discuss title insurance with your bank. Title insurance is designed to protect against potential problems with the title of the property. Rates vary, but you can save if you know what type of protection you need.
There are two different kinds of title insurance that companies offer, lender's and owner's title insurance. The first, lender's is often also referred to as the loan policy. The coverage of a loan policy decreases over the life of the loan and eventually disappears.
Owner's title insurance is paid at the time of closing and covers the owners or the owner's heirs as long as they have any interest in the property. Owner's title insurance protects against any problems with the title that were not discovered at the time of the title search and covers any legal or lawyer fees that result in defending a claim.
Menu
Contact Us | Disclaimer | Links | Link Exchange | Site Map
© 2005 e-Home-Loans.net. All Rights Reserved.