18 Oct

What is Title Insurance and Why Do I Need It?

General

Posted by: Darlene Eldridge

Homebuying 101

What is title insurance? When you purchase a property you buy the title. The registration of that title confirms that you’re the rightful owner. Most transactions include a lender’s title insurance policy. This protects the loan and helps the deal close faster. But only an owner’s policy will offer you protection against title fraud, survey and title issues, or even pre-existing defects.

Do you want answers to all your mortgage questions? Email me at deldridge@dominionlending.ca or visit www.darleneeldridge.ca