Owner and Lender Title Insurance Policies

By |2019-05-12T21:44:55-05:00December 10th, 2018|Categories: Instructor Insights|Tags: , , |

The lenders policy is a policy for the mortgaged amount.  It insures the title in the event that a problem arises on the title and it will pay the lender the unpaid mortgage balance.  The lenders policy is transferable, which allows the lender to sell a mortgage in order to get more money, enabling the lender to make more loans.