What Is Title Insurance?
Simply stated, the title to a piece of property is evidence that the owner is in lawful possession of that property. Title insurance protects real estate owners and lenders against any property loss or damage they might experience due to liens, encumbrances, or defects in the title to the property. Each title insurance policy is subject to specific terms, conditions, and exclusions. Anytime you purchase a home or take out a mortgage, the mortgage company requires you to have title insurance.
My Title Guy provides title insurance to buyers to prove they are the lawful owners of a home or piece of property. Title insurance is important to have when purchasing a home or obtaining a mortgage loan, and we will help you obtain it.
First Time Home Buyers
Purchasing a home for the first time is an exciting point in anyone’s life. At My Title Guy we will assist you and your realtor and mortgage lender to create a smooth home buying experience. At My Title Guy, we feel all questions are valid and meaningful. Don’t hesitate contacting one of our local branch offices to walk you from the contract to receiving your first keys.
COMMON QUESTIONS FOR FIRST-TIME HOMEBUYERS
Why should I buy instead of rent?
Buying a home is an investment in your future. Not only does it provide accommodation, it also instills a sense of pride. By investing in your own property each payment made reduces the principle balance of the mortgage. Over time, you property can be paid off leaving you with a transferable asset.
Should I use a Real Estate agent? How do I find a good one?
Yes, a good real estate professional will assist in presenting properties that meet your specific needs. In addition, they have a proven list of successful lenders, inspectors, and home insurance agents external of your personal research. My Title Guy, we work closely with talented real estate professionals daily. If you need assistance in locating the right Real Estate agent, just let us know.