Category: Title Insurance

Is a Cash Out Refinance Worth It?

4/22/2024

It’s an attractive option to get a cash out refinance, but is it worth it? Here’s what you need to know before you take that financial leap.

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.

7 Common Title Defects and How Title Insurance Can Help

12/26/2023

Home with real estate written in a cloud

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.

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.

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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

Is a Cash Out Refinance Worth It?

It’s an attractive option to get a cash out refinance, but is it worth it? Here’s what you need to know before you take that financial leap.

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

7 Common Title Defects and How Title Insurance Can Help

Lender Title Insurance and Refinancing: Why Its Required

Lender Title Insurance and Refinancing: Why Its Required

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