Title insurance is a type of indemnity insurance that protects both homebuyers and lenders from financial loss due to defects in a property’s title. Here’s a breakdown of what it is and why it’s important: What is Title Insurance? Title insurance covers issues that might arise with the ownership of a property after the purchase. …
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Buying your first home is a huge achievement. Although the biggest expenses are behind you, are you financially prepared to deal with unexpected expenses? Here are three common expenses that new homeowners likely will find surprising (and depressing). Replacing your HVAC system The HVAC system in your home is responsible for heating and cooling. If …
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Buying a home is a landmark event in one’s life, and for most, this involves securing a mortgage loan. Mortgage financing, which allows prospective homeowners to make this substantial purchase, is a complex process with many intricacies. This comprehensive guide will demystify the world of mortgage financing, explaining the different types of loans, detailing the …
