Insurance

Title Insurance - Inside and Out

Title Insurance - Inside and Out

Title insurance is very confusion. Most folks don't even know what it is unless they've bought a home. In fact, many homeowners don't know what title insurance is, either. It's one of those things that you just assume is necessary and good, but don't exactly know what it is. Title insurance is a type of insurance that is mean to protect you interest in your home. Before you buy your property, the closing attorney will do a title search to make sure there is no one else claiming to own the property other than the parties that are selling that property. If there is a conflict in the title, you are almost always encouraged NOT to buy the property because the title is not marketable. If the title is clear, which it usually is, then you will continue on to close the home. Once you've done so, your attorney will find you a title insurance policy that is designed to make sure that your title to your property is always marketable and that one can claim to own part of your property after you have closed. Like any other insurance, there may be claims that are not honored, but title insurance is something that you will always want! This blog post explains the ins and outs of title insurance in more detail. Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, SC.

This is How to Calculate Your Monthly Mortgage Payment

This is How to Calculate Your Monthly Mortgage Payment

Calculating your mortgage is a little bit more complex than just figuring out the principal and interest. Most shoppers do not figure their insurance and taxes into the equation when considering buying a property. The old acronym for your total monthly obligation is PITI (principal, interest, taxes and insurance). This blog post walks your through the process of how to figure out your entire monthly mortgage obligation (minus utilities, etc.). Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, SC!