But just like with a residential real estate buy, title insurance for investors is critical, and for many of the same reasons.
Investing in real estate property is a wise long-term investment because property values tend to go up with each passing year.
But just like with a residential real estate buy, title insurance for investors is critical, and for many of the same reasons. Refinancing your mortgage can be a great way to save money on your monthly payments. It can also shorten your loan term and allow you to access cash equity in your home.
But how do you know if refinancing your mortgage is right for you? It’s important to understand the costs involved, your goals, and what your break-even point may be. Lots to consider! Here’s our take on what to do before, during the application process, and after you close. You may have heard the term “chain of title” but not really known what it means, even if you’re buying a house. It’s just one more legal term in a long list of legal terms at closing.
But it’s important to understand what a clear chain of title is and its importance in homeownership. You bought the house. You’re making mortgage payments, but you may not own the home. Is that even possible?
Unfortunately, yes. There are certain legal circumstances that could force you out of your home with very little legal recourse. So what could cause this to happen? Title defects. Title defects—or problems with your legal right to own a property—can have serious consequences and threaten your home ownership. The good news is making a one-time purchase of title insurance can protect your property interests. But first, let’s look at the five most common title defects. |
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