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Mortgage glossary
Title Insurance
Insurance against certain covered title problems that existed before the policy date. A lender's policy protects the lender and is usually required; an owner's policy protects the owner and may be optional. Coverage, exclusions, and duration are stated in the policy.
In plain language
This term may appear in conversations, forms, or documents during the mortgage process. If something important changes in your situation, ask how it may affect your case before making a decision.
This explanation is general and educational. It is not personalized advice, a loan offer, or a promise of approval.