There are plenty of legitimate reasons to obtain title insurance, but the likely reason that your current lender is demanding it on a refinance is so that they can sell your loan through the secondary mortgage market. You should be able to benefit from your lender taking advantage of the secondary market by receiving a slightly lower mortgage rate.
Thread: mortgage refi question....
Tue Jan 10 2012, 11:00 AM #4
- Join Date
- July 02, 2001