Tag: ownership

A mortgage is really a method of securing charge on a house of other immovable assets usually for the intended purpose of financing its purchase.The term mortgage derives from the French words mort meaning dead, and gage meaning pledge.The implication was that the house was dead or useless for the borrower if he cannot repay the loan.Generally in most countries it's quite common to invest in both residential and commercial properties by developing a mortgage...

Most homebuyers are aware of other styles of insurance (auto, boat, life) but aren't certain concerning just what title insurance is with regards to buying their house.To be able to best protect himself or herself, a savvy homebuyer must insist that title insurance is provided for upon the close of escrow.This insurance coverage protects a genuine house owner, and/or the lending company, against any potential loss a prospective home buyer might experience regarding the any liens, encumbrances, or defects in the title for the house they're purchasing that may have already been missed in the initial title search...