Why You Need Title Insurance When You Refinance?

While refinancing your home seems like a simple process, several things can go wrong when you're planning to refinance your home loan. Title Insurance Refinance protects you from these issues, so you should consider investing in this necessary coverage to ensure that everything goes smoothly during the refinance process. Here are some reasons why you need title insurance when you refinance your home loan: 5 Reasons To Have Title Insurance Refinance 1. To protect yourself from hidden liens You may be unaware of a lien on your property. If you refinance your home without title insurance , you could be responsible for paying off this lien, even if you had no idea it existed. Title insurance protects you from this possibility by ensuring that any liens on your home are paid off before you refinance. 2. To avoid paying for someone else's mortgage If there is already a mortgage on your home, the lender may require you to pay it off before they approve your refinance loan. It can be ...