Friday, November 28, 2008

Home insurance doesn't protect your property loan

Dear Ms. Mortgage Maven, I am refinancing my home of eight years with the same lender who holds my current mortgage. I was told that I need to buy a new title policy. It is very expensive. Can you explain why I have to buy a new policy.

www.districtchronicles.com/news/2007/11/04/Business/Home-Insurance.Doesnt.Protect.Your.Property.Loan-3076720.shtml