Do we need to get a new title insurance when we refinance our home mortgage loan?
May 21st, 2010
We bought a title insurance when we first got our home loan. We are now refinancing with another bank and they are requiring us to get a new title insurance. Is this right?
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I work at a mortgage company, and most banks require title insurance for every mortgage that they underwrtie.
You might repost your question under realestate.
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Yes. There could be liens or other title problems that have occurred since the previous policy was issued.