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Yes. You have to buy a lender's title policy for the new lender. Your owner's title policy is good for as long you own the home. If you have an owner's policy, you can very often get a "reissue credit" on any future lenders title policies that you may be required to buy when you refinance.

The Mortgage Policy is only good for the life of the loan. If the current loan is paid off, the policy is no longer needed on the CURRENT loan being paid off.

However, the new lender will require a Mortgage Policy on the new loan.

The ONLY time you may not be required to get new title insurance would be if the current mortgage loan was re-written by the lender, changing terms, interest rates but not the loan amount.

Don't confuse this with a Streamline loan offered by your current lender offering a new interest rate on a new loan, but with low cost closing fees.

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โˆ™ 2015-07-15 18:27:48
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Q: Do you have to pay for title insurance again when refinancing?
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Do you have to pay the title insurance?


Who pays for title insurance in Wisconsin?

Does the seller pay fortitle insurance policy

Who pays title insurance in Wisconsin?

Does the seller pay fortitle insurance policy

Do you have to pay Title insurance when you refinance?

Yes, virtually all lenders' underwriting requirements call for lender's title insurance for a refinance.

Does title insurance pay for a lien that was missed at closing?

Yes that is what title insurance is for. However, there is a very good chance that the title insurance company will sue the attorney who was supposed to do the title search in the first place as they obviously didn't do their job.

If you agree in divorce papers to make the car payments until it is paid off but your ex-wife does not pay the insurance what can you do?

If your name is on the title, you can get the car and then pay the insurance. If your name is not on the title, you can pay the insurance to keep it from getting repossessed. If your name is not on the loan, quit paying and let her worry about it.

Do you need title insurance if you have a warranty deed?

You need title insurance to protect your title, but the person who SOLD you the warranty deed should pay for the insurance and provide proof that he or she has obtained title insurance that will pay the costs they will incur if the title is defective.Otherwise, you're stuck with a worthless warranty deed and may be left trying to sue the seller who has no money to pay for anything, let alone restitution or other damages.

If Property has a lien that was not found by title insurance company what are the owners options?

Generally speaking, if the owner purchased title insurance the lien should be paid by the title insurance company. If not and the lien was recorded and missed in the course of the title examination the attorney who certified the title to the buyer should be contacted. Her malpractice insurance should pay the lien.

Can you buy title insurance?

Title insurance is a specialized type of insurance that is not generally sold by insurance agents. It is usually provided by an attorney and underwritten by a title insurance company who specializes in this type of insurance. The title insurance company relies on statements and work done by the attorney when he does the title search and he has some liability for his work. You can't just decide that you want a title insurance policy anytime. It is usually done when you purchase a piece of property. I suppose that if you wanted to pay for a new title search you may be able to buy a policy at a time other than at closing.

How do you know if a lien is on your home?

Most places have title insurance companies that would do a title search for you for a fee, but you can go down to your local property record office (like a Register of Deeds or County Clerk) and search yourself for free. If you go the title insurance route, the company will guarantee the accuracy of their findings for you so you can rely on them, but again, you have to pay.

When refinancing after 2 years do you have to pay another closing cost or down payment?

Yes, there are fees to be paid, such as credit reports, appraisals, processing, taxes and insurance.

When your car is totaled but you don't have the title will the insurance pay you?

It depends on why you don't have the title. If you don't have it because it is financed then yes. The insurance company will do the work for you of getting the title released from the bank. If you don't have it because you don't own the vehicle then no the company will not pay you. Legally they cannot pay you for a vehicle that you don't own just like you cannot insurance a vehicle you don't own. They also cannot pay the true owner because that person does not have a legal contract of insurance with the company. No one gets paid.

Your friend sold you his car take over paymentsHe took the car off his insurance you insured the car and then totaled it but you are not on the title Will your insurance company pay for it?

As long as you have the title that he signed off of it and you signed on and you have insurance on the vehicle it will be covered.

Do you pay real estate transfer tax when refinancing?

Yes, some states require transfer taxes when refinancing but not all.

How can I lower my mortgage through refinancing?

Mortgage refinancing is a good way to lower your mortgage. Refinancing brings your payments down by finding a better loan. Refinancing allows you to have lower monthly payments which will allow you to pay off your loan faster.

Can you get your car in your name without a license?

i pay out my car but i still need to change the title ,i have insurance but not a license can i still transfer the title in my name?

Your title is missing from your parerwork Will you still receive your Total Loss settlement from the insurance company or is a title required prior to the receipt of the settlement?

cannot imagine any situation where an insurance company would pay the entire amount without this title.......file for lost title with your state..

How do health insurance deductibles work?

An insurance deductible is a set amount of money that the insured is required to pay before the insurance company starts to pay. For instance, if your deductible for the year is $100.00, and your first insurance bill is $150.00 , they will only pay $50 and you will have to pay $100 (deductible). Every insurance bill after that will be paid for by the insurance company until the end of the year and then the cycle starts again. The deductible is your responsibility.

What if your car was hit and it has a salvaged title dose the insurance co have to pay you the value of your car?

Insurance is meant to get you back relatively close to where you were before the accident occurs. The states view of your title should have no bearing.

How does low refinance differ from refinancing?

The main difference between regular financing and low financing is the rate that one would have to pay for the refinancing.. A low refinance is the most preferable kind of refinancing.

If a vehicle is wrecked then totaled and it has a lost title will this affect the insurance claim?

Totaled vehicles which have been rebuilt generally have a "salvaged vehicle" title, or whatever it's called in your state. Vehicles with a salvaged vehicle title are by definition, not as valuable as the same vehicle with a clean title. If the vehicle is subsequently in another collision, the insurance company will not pay as much since the loss was not as great. Insurance companies only need to pay you for the actual value of the vehicle.

I bought a car with my money outright But because I am not 18 my mom had to be on title to I pay the insurance for it and everything legally can she take it away from me if im on the title?

no, but then you cannot drive the car if she cancels the insurance. you would drive w/o insurance, would you? that would be stupid.

Can parents legally still take your car away when your name is on the title and the title is in your possession?

It depends if they pay for the expenses such as insurance, gas, repairs etc.

How can I qualify for house refinancing and is it beneficial?

You can qualify for house refinancing if your income has gone up or if you find that you do not want to wait however many years to pay off your house. It is beneficial because the sooner you pay it off, the less interest you must pay.

Will your insurance company pay if 2 names are on the title?

Yes, Your insurance will still pay. However any payment for property losses will be made out to both owners requiring that both sign the check before cashing.