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Congratulations! You have decided to purchase a home, or are thinking about buying one. You'll be joining the ranks of hundreds of families who realize that home ownership offers a number of benefits including building equity, saving for the future, and creating an environment for your family. When you own your own home, your hard-earned dollars contribute to your mortgage. The equity you earn is yours. Over time, your home will increase in value.
In the following reports, you'll find the information you need to make a wise buying decision. We'll take you through the planning process step-by-step , to help you determine which home is right for you. You'll find a host of informative articles on mortgages, viewing homes, the offer, closing details and moving.
Please contact me if you have any questions about buying a home in Brevard County, Florida.
Home Buyer Information:
Financing and Title Insurance
How To Find the $$$$$$... resources to fund your dream home:
Financing your home purchase is a serious matter. Shop for the best loan just like you shop for the best home. ALWAYS use reliable professionals who represent the major lending institutions. Just like anything else, if it sounds too good to be true, it's probably not any good. And, you get what you pay for.
Interesting Links to Educate you
Title Insurance: What Is It?... Who Cares? ... Who Pays?
Title is the foundation of property ownership — your legal right to possess and use your property. As a Buyer you want the assurance that the title to the property you are acquiring is "clear". You don't want a previous owner to show up and claim ownership of "Your" house.
Two types of Title Insurance:
Owner's Policy: to protect YOU as the new owner from financial loss in the event of problems from title defects. In Brevard County the seller usually pays for this insurance policy for a buyer. Can be negotiable.
Lender's Policy: to protect the Lender — insuring that the lender has a valid, enforceable lien on the property in the event of title disputes. The cost of this "simultaneous issue" policy is charged to the buyer at closing.
How it works: in condensed terms....
Title Companies or Attorneys research the history of the property in public records to confirm the seller's right to sell the property and any encumbrances that may exist against the property. The Title Company then issues an INSURANCE policy to protect the new owner against any hidden defects, unrecorded liens, fraud etc that could harm the new owner's legal right to the property.
Even the most diligent examination of the history of a property may not reveal all things. Issues may arise from fraud, mental incompetence, prior existing marriage claims, mistakes in recording legal documents, undisclosed divorces, forgeries... the list goes on. Any of these circumstances might be impossible to discover in a title search and exam. In the event that someone from the past shows up and is successful in proving a claim and ownership of the property, the new owner's investment in the property is protected via the title insurance policy.
Be sure to Rely on the Experts:
Ask questions! Make sure you understand your level of protection and level of risk. Rely on experienced Title Agents to walk you through the closing process and explain any of these issues. Click on a Company Below for contact information....
Brevard's Preferred Title Company
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