Along with property values, allied industries like title insurance are also on the rise. Title insurance is now worth $15 billion and is forecasted to grow in the future.The numbers clearly show that homeowners are investing in title insurance.
As the name suggests, title insurance is the insurance on the title of your property. It is a form of indemnity insurance that keeps the owner of a property safe from the financial loss they may have to bear in case there are defects in the title of the property. Title insurance is usually purchased when you go and get a mortgage.
Most people when buying or selling a home will first think about retaining a realtor, and selecting a mortgage loan financial organization, and then a professional home inspector.
When looking to purchase a home, spring is a great time to start looking, as it is usually when more and more homes are being put on the market for sale.
As there are many mortgage options available to anyone looking to purchase a new home, it can be confusing when it comes to the “specialty” mortgage products out there, including a VA Loan.
A home equity loan or home equity line of credit lets you borrow against some of that equity, with your home used as collateral.
When it comes to shopping for a mortgage, options can seem almost endless.