What is a Home Equity Loan?
What Is a Home Equity Loan? A home equity loan is a type of consumer debt. This type of debt allows homeowners to borrow against the equity in their residence. The loan amount is calculated based on the difference between the home’s current market value and the homeowner’s mortgage balance due. Home equity loans come in […]
What if I Don’t Want Title Insurance?
Risks of Not Having Title Insurance Having no title insurance can expose major risks to both parties included in the transaction if a title defect is present. For example, a home buyer could find a house, close on it, and then find out that there have been unpaid property taxes from the previous owner. Without title […]
An Overview of Title Insurance
What Is Title Insurance? Title insurance is a form of indemnity insurance that acts as a financial shield protecting lenders and home buyers from unexpected losses due to defects in a title to a property. The two main types of insurance policies are lender’s title insurance and owner’s title insurance. In a lender’s policy, the […]