Your Home Title Insurance Policy and Other Documents You Need to Keep After Your Home Closing
Buying a home in Florida can seem like a drawn out process, yet the end result is well worth it. The time spent finding the right house, and then those weeks before it finally becomes yours are all leading up to the closing day, and that moment when the house is finally yours. At the closing you are going to be asked to sign and initial dozens of documents, and will be given a folder full of them to take back to your new house with you.
The Florida Home Buying Process and Title Insurance
Purchasing and owning a home is still a large part of the American dream. The majority of home buyers are making the plunge for the first time, which is often stressful can be overwhelming when you don’t know what to expect. Even when you have gone through the process before, you can still feel anxious when it comes to the enormous stack of paperwork required first before being given the keys to your new home.
Now that you’ve decided to buy a home in Florida, and get all moved in as soon as possible the real work begins. The terms of the deal have to be made, financing secured, and a title search performed by a professional agent. That may sound like a small detail, but without it you won’t be moving anything anywhere.
Tips for Shopping for Title Insurance on Your Florida Home
When buying a new home in Florida, chances are you are spending hundreds of thousands of dollars, and that’s just for the house. Title insurance will be somewhere in the ballpark of a thousand dollars, barely a fraction of the money you are spending yet still a significant cost that you watch. Every extra penny saved on the closing costs of your house is one more you will to use for furnishing it.
6 Secrets You Didn’t Know About Home Title Insurance in Florida
Title insurance is one of the many costs you will incur during the closing of your home. This policy ensures that if there is a problem down the line with the chain of title for your new Florida home, your lender will not lose on his investment. You can save money on this policy by learning a few secrets beforehand:
Buy Simultaneous Policies – Lenders will not close on a home without first seeing a clear Florida title..