Mortgage Title Insurance
Last modified June 10, 2023Protects the lender against loss due to problems in connection with the title not identified by a title search. It is usually written for the amount of the mortgage loan. There are 2 forms of Title insurance with loan Closings, lender title insurance and owner title insurance.
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Top 10 terms for First-Time Home Buyers:
- VA funding fee
- Buyers Closing Costs you'll want to know about.
- ALTA (American Land Title Association) Closing Disclosure Statements
- Title company Escrow account
- Survey Fee
- Buy Down
- Buyers market definition
- Lender Inspection Fee
- Homeowner's or Hazard Insurance policy
- Government Sponsored Entity or GSE