Your costs when you refinance home mortgage loans

What is a Mortgage Title?

The property you buy will be transferred to you by way of a deed and a home mortgage title commitment will be issued. Ask for a copy of the title commitment if it is not sent to you.

What exceptions remain on your final policy?
Call the mortgage title company and ask questions about what exceptions will remain on your final policy. Ask for copies of the recorded declarations, restrictions, or other recorded documents that pertain to your property.

Request that a "marked up" title commitment showing what will appear on your final policy be issued prior to closing. Ask the home mortgage title company or whoever is preparing the deed how you will hold title. Often there are different ways that a buyer can hold title, i.e. joint tenancy, tenants in common, tenants by the entirety. These vary State to State.

Find out the best way for you to take title for your particular situation.
Normally if it is a husband and wife there is an obvious best choice, but if you are two single people, there can be several ways to hold title. These vary as far as what will happen to the property in case of the death of a mortgage title holder.

No more guess work on what your costs will be. Now that you know - Let them show you what they can do for you with a free quote. Apply for your home mortgage refinance with confidence!