Lenders require anyone who is refinancing to purchase a new Owner’s Policy. Lenders require assurance that there are no blemishes on the title since you have purchased the property, before they move forward with a refinance.
Posted by Adminstrator on Dec 4, 2014 in | Comments Off on Why Do I Need To Purchase A New Policy For A Refinance?
Lenders require anyone who is refinancing to purchase a new Owner’s Policy. Lenders require assurance that there are no blemishes on the title since you have purchased the property, before they move forward with a refinance.