Tuesday, November 18, 2014

Why do I need title insurance when refinancing a mortgage loan?

For your next commercial real estate transaction, house purchase, mortgage refinance, reverse mortgage, or home equity loan, contact us. We can help. Located in Fairfield, NJ, we are the title insurance agent that does it all for you.

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A question we are often asked: 

Why do I need title insurance when I refinance my mortgage?

When you refinance your home your old loan is paid off and the lender's title policy expires. Therefore, when you refinance, your lender will require a new loan policy on its mortgage to protect its interest in the property. You do not need a new owner's policy.
 
Have a question?  We'll be glad to answer.
 
For your next title order or
if you have questions about what you see here, contact
Stephen M. Flatow, Esq.
Vested Land Services LLC
165 Passaic Avenue, Suite 101
Fairfield, NJ 07004
Tel 973-808-6130 - Fax 973-227-0645
E-mail sflatow AT vested.com
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