Home title insurance is an insurance policy that indemnifies you and your lender against any problems in regard to your home’s title before the date of the policy.  Home title insurance guarantees that no one forged a signature in a past title transfer.  Home title insurance also protects against unpaid real estate taxes, and unresolved liens against the property.

Unlike other types of insurance, such as life and accident, home title insurance protects you against things that might have happened in the past, as opposed to ones that might occur in the future.

Hard money lending is the process through which real estate holdings are secured by, essentially, private money.  The people involved in hard money lending are not banks or your typical finance companies.  The people doing hard money lending are generally private individuals with a lot of funds on hand.  Hard money lending is not much more difficult to acquire than soft money, but it is subject to much more restrictive terms.

The typical terms of hard money lending is a maximum of 70% of After Repaired Value of the property.  ARV is the value of the property after repairs are made.  So, let’s say that you want to buy a house that is worth $50,000 in its current condition and will be worth $100,000 after you spend $20,000 to fix it up.  Let’s also say that your hard moneylender is willing to go 70% of ARV.  That means that you could secure $70,000 for the property through hard money lending.  That would be just enough to purchase your property and repair it.

Homebuyers acquire home mortgages in order to pay off the sellers of homes for their properties in full.  Home mortgages are obtained through home mortgage lenders.  As collateral on home mortgages, the mortgage lender retains the deed of ownership to the property until the mortgage is paid off.

There are several types of home mortgages available to buyers, depending on their plans and financial situations.  Some home mortgages are beneficial to buyers who are planning to remain in their home for many years, and other home mortgages are better suited to buyers who are planning to stay in their home only for the short-term, as they climb the real estate ladder.  Making the right decision about home mortgages requires effort from buyers as well as lenders.