Title Insurance

When you apply for a mortgage, keep in mind you will need to pay a number of closing costs including Title Insurance. Click here to see what title insurance is and what its role is in the lending process.
When you apply for a mortgage, keep in mind you will need to pay a number of closing costs including Title Insurance. Title Insurance is required by Banks and Lenders to protect against law suit claims and losses arising from the change of Title tied to the property you are purchasing. This includes things like unpaid real estate taxes, liens, easements, fraud court actions and other encumbrances, put in place by the Government, Contractors, previous Lenders, and Creditors. It's based on the loan amount which is the lenders investment.

Title Insurance covers issues leading up to when you purchase the property, not after. The good news is that is a one-time payment and it is not ongoing. The Lenders title insurance lasts until the loan is repaid or refinanced. There is also an owner's title insurance which protects the previous homeowner against any title issues that may come up.

For more information, call Cornerstone Mortgage at (661) 370-0600 and see how we can help you.
 
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