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Protect Your Lender's Interest in the Property
Get lender's title policy insurance in Inverness, FL
Did you secure a mortgage to purchase property in Inverness, Florida? Lenders require for buyers to obtain a lender's title policy to protect their mortgage lien if there's an issue with the title. Fidelity Title Services, LLC offers title insurance loan policies for lenders.
3 things to know about a lender's loan policy
When you're coordinating the closing parts of the transaction, it's important to protect all parties involved - and that includes your mortgage lender. If there's a problem with the title of your new property, your lender will expect you to have a loan policy for their protection. Here are a few things to note about your lender's title policy:
- It does not protect you, the buyer. You need your own title insurance for your protection.
- Your lender's title policy should decrease over time.
- Your policy will pay the value the lender gave you to purchase the home, if a title issue arises.
