Title Insurance: A Must-Have for Home Buyers

Title Insurance: A Must-Have for Home Buyers

September 12th, 2017 | Home Buying Tips

If you are buying a Utah home, you are also entering the world of title insurance. That’s because buyers of a home are, in a sense, actually buyers of that home’s title — the paperwork that proves that the existing owners do in fact own the property, and have the clear right to sell it.

According to experts, nearly one third of all title searches turns up a problem with the property’s title — a problem that has to be dealt with and resolved before any home sale can transaction can be completed. That’s where title insurance comes in.

To establish a seller’s right to sell the property in question, a title insurance company will conduct a thorough search of the property’s records to make sure there have not been any errors in the paperwork in the past, or previously unknown complications such as liens on the property or third parties with a claim to ownership. Once the search is conducted to the satisfaction of the title insurer, they will issue two insurance policies on the title. One is designed to protect the buyer should any claim on the property show up later in the sales process. The other is designed to protect the interests of the lender. The creation of these policies typically occurs after all closing paperwork is duly collected and all closing payments are made.

Your real estate agent and/or mortgage broker will likely have a relationship with one or more title insurance company and will be able to answer any questions you may have about the title insurance process.

Advanced Funding Home Mortgage Loans

Your Local Mortgage Company

As a mortgage broker in Utah, we work with several mortgage lenders, enabling us to offer you a variety of Utah mortgages and refinance home loans at the best mortgage rates and lowest fees available. Working with several lenders allows us to offer more home loan options to help you achieve your goals. Whether you're buying a home or refinancing, Advanced Funding is here to help. Our mortgage loan officers are available to help you during regular business hours or a time that is more suitable to your needs. Call today for more information, 801-272-0600.

Experience Matters

As one of the most trusted and respected mortgage companies in Utah, Advanced Funding Home Mortgage Loans offers a variety of purchase mortgage and refinance products. Our licensed mortgage brokers are both knowledgeable and experienced to ensure you a pleasant home loan experience at the best interest rates available. We combine the use of technology, impeccable service, a dynamic management team, along with a well-trained, and experienced staff to produce results, such as great mortgage rates, low fees, and most importantly, a fast and pleasant loan experience.

Advanced Funding Home Mortgage Loans
6589 South 1300 East, Suite 200
Salt Lake City, UT 84121

Better Business Bureau Seal

NMLS ID 13287 | Privacy Policy | Licensing | Employee