Question by first-time homebuyer: Do we need to get a new title insurance when we refinance our home mortgage loan?
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?
Best answer:
Answer by Jeffe
I work at a mortgage company, and most banks require title insurance for every mortgage that they underwrtie.
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