Most people understand the benefit of auto insurance, homeowner’s insurance, or health insurance, but why title insurance? What is title insurance? If you’re asking yourself, “why do I need title insurance?” here is a brief explanation of what it is and why you need it.
Perhaps one of the most misunderstood aspects of real estate transactions is the escrow payment. It’s a common part of most mortgages, and you’ve probably seen it itemized on your monthly statement. But do you know what purpose your escrow payment serves?