Category: Refinancing

Pros & Cons: 5 Must Know Tips for Refinancing Your Mortgage

2/19/2024

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.

Lender Title Insurance and Refinancing: Why Its Required

8/10/2023

Lender Title Insurance and Refinancing: Why Its Required

You’ve made the decision to refinance your mortgage. There’s only one thing you didn’t expect. Your mortgage company is requiring lender title insurance…again.

As you know, when you purchase a home, every lender wants to protect their investment. That’s why they require you to purchase lender title insurance at closing.

Homeowner title insurance, on the other hand, is optional. Here at Lilly Title & Settlement, we strongly encourage buyers to protect the largest investment they will most likely ever make. It just makes sense. Even your lender thinks so. That's why they require you to purchase it for them--to protect their investment.

But now, you want to refinance, and your lender is requiring lender's title insurance again. Why? Let’s take a look at some of the most frequently asked questions about refinancing and lender’s title insurance.

Home Remodel Financing: How to Borrow Wisely

5/26/2023

So, you bought the house and you love it! But, that bathroom needs a re-do. Or maybe your new home is overdue for some upgrades to the heating and air conditioning systems. No matter what your house needs, there are ways to finance those upgrades to give your home the lift it needs.

The 411 on Refinancing Your House After a Divorce

11/27/2022

Divorce is stressful enough. The emotional ups and downs. The legal proceedings. The mountains of paperwork! If you and your ex are dividing up shared property refinancing your house is one way to move forward.

Here are three areas to consider when making this choice.

What Our Clients Are Saying

Great place to do your home buying with. Tammy knows what she is doing. Carol Ashman

The crew at Lilly Title and Settlement are the best! When they handle a settlement I never have to worry. I never have to ask about the status of a closing because they send me weekly updates and if there is anything I need to know in the meanwhile, they contact me right away. As a busy Realtor that's extremely important. Their knowledge and years of experience are simply unbeatable. In all the years I have worked with them, I have not seen a mistake. Tammy Lilly is meticulous in making sure every document is checked and double checked before it leaves her office. I always trust Lilly Title to operate with total integrity and to always have a positive "can do" attitude! Ed Davis, Realtor

Pros & Cons: 5 Must Know Tips for Refinancing Your Mortgage

Lender Title Insurance and Refinancing: Why Its Required

Lender Title Insurance and Refinancing: Why Its Required

Home Remodel Financing: How to Borrow Wisely

The 411 on Refinancing Your House After a Divorce

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