Are You BUYING a HOME?
Let us educate you on the process of buying a home
3 STEPS PROCESS…
Closing on your home is about you becoming the legal owner.
The process includes 3 basic steps: The Loan Step, Title Step and The Closing Step.
Let us educated you on Title Insurance!
1. LOAN STEP
2. TITLE STEP
3. CLOSING STEP
1. LOAN STEP
The Bank loan you the money, you promise to pay back overtime, they charge you some loan fees and collect insurance and reserves.
The most important charge is your Title Insurance Premium. Because, simply, your bank will not allow you to borrow money without it.
2. TITLE STEP
The title company has to find all the necessary Public Records that relate to the Title to House and make sure that The House is really Sellers’ to sell, that is called a title search.
Title Insurance protects you from: forgeries and fraud, improper execution of documents, unpaid taxes and assessments, mistakes in recording of documents, unpaid judgements and liens, unreleased mortgages, incorrect interpretation of wills, and other claims that show up long after the sale.
3. CLOSING STEP
The Closing step is next. Once the information is obtained by eTitle Direct, The Bank at closing requires you to buy Title Insurance to protect themselves and you from the sellers having missing heirs, former spouses or others claiming that The House actually belongs to them.
We make the closing process transparent so that you can be at ease. Our goal is to work with all parties involved to ensure a smooth closing. Get a Free Instant Quote to estimate the fees and taxes you'll need to pay at the closing.
