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Insurance >The Purpose of Title Insurance
When you finance a home through a lender, you will be required to purchase title insurance to cover the amount of your mortgage loan. At the closing you will be given the option to buy additional coverage to protect your investment.
Before the closing, the title company will order a title report to make sure the sellers actually own the home and that no one else has a legal interest in the property. This process will identify any potential title problems or liens. Title insurance covers you against any future claims that did not appear on the title report. It is a one-time charge that you pay at the closing of the transaction, and it covers your future equity up to a stated maximum amount as your property increases in value. It's a small price to pay to protect such a major investment.
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What is the world's longest frontier?
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At 3,987 kilometers (3,987 miles), the border between Canada and the U.S. is the longest in the world. |
See More Real Estate Trivia > |
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Jane Walters Prudential CT Realty 69 East Avenue Norwalk, CT 06851 203-899-3236 Fax: 203-857-7842 JaneWalters@NUMBER1EXPERT.com
I’m a full-time, top producing Realtor and although it may sound like a cliché, I love what I do. For over a decade, I’ve worked with buyers and sellers in Norwalk/Rowayton and the surrounding communities of Wilton, Westport, Darien and other areas of lower Fairfield County. I’m a lifelong resident and I know the area well.
Take a look at my website and you’ll find property listings, community information, school reports, mortgage information, real estate tidbits and much more – it’s one stop shopping!
When you’re ready to move forward, I’m here to help you with your real estate needs. 
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