When you buy car, life, or homeowner insurance, you take great care in researching which company has the best coverage for your needs. Choosing a title company to protect your home from unforeseen legal occurrences is no different!
 
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.  This post has been updated. Please see our in-depth post, "Common Title Issues That Can Delay Closing (and How to Resolve Them)" Got questions about title insurance and settlement closings? Reach out: 540-414-8763 |
Tammy LillyLilly Title & Settlement wants you to be an empowered home buyer!
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