How Title Insurance Protects Your Home Purchase? | reAlpha Mortgage

Imagine moving into your dream home, only to discover months later that someone else claims to own it. Scary, right? Title insurance exists to prevent nightmares like this.

Buying a home is one of life's biggest financial moves. While most buyers focus on mortgage rates and closing costs, protecting your ownership rights is equally critical. That's where title insurance steps in.

Let's unpack everything you need to know to stay fully protected.

• Title insurance protects your legal ownership rights against hidden defects.
• One-time premium covers you for as long as you own the property.
• Essential for all homebuyers to prevent unexpected legal issues.
• Distinct from homeowners' insurance, it focuses solely on title and ownership.

Title insurance protects against problems with a property's ownership history, issues that might not surface until after you purchase the home.

Common hidden risks include:

• Unknown heirs
• Forged signatures on deeds
• Errors in public records
• Undisclosed liens or judgments

With a one-time premium at closing, you're covered for as long as you or your heirs own the property.

Pro Tip: Think of title insurance as a "financial safety net" for your homeownership journey.

Without title insurance, you could face:

• Legal battles over property rights
• Unexpected financial losses
• Stressful disruptions to your homeownership.

Real-World Example: A Florida buyer discovered a prior owner's unpaid tax lien months after closing. Title insurance paid off the lien, saving the buyer from a $10,000 out-of-pocket expense.

Before issuing a policy, title companies conduct a comprehensive search to uncover any issues.

If the title is clear (or manageable issues are resolved), the policy is issued, protecting you from future claims.

Should a hidden issue arise later, your title insurer steps in to defend your rights and covers financial damages if necessary.

• Protects the mortgage lender.
• Required for most home loans.

• Protects you, the homeowner.
• Optional but strongly recommended.

Pro Tip: Owner's title insurance is usually inexpensive relative to the home's price and provides priceless peace of mind.

• Typically: 0.5% to 1% of the purchase price.
• One-time payment: No recurring fees.

Example: On a $300,000 home, expect to pay around $1,500 to $3,000 at closing.

Find the Perfect Mortgage for Your Dream Home with reAlpha Mortgage.

Compare options, calculate payments, and get expert guidance - all in one place.

Check if you qualify

Buying your dream home shouldn’t come with financial surprises. With reAlpha Mortgage, you can protect your home with trusted title insurance - and save thousands at closing.

Here’s how:

✔️ 25% rebate when you use a reAlpha agent

✔️ 50% rebate when you bundle with reAlpha Mortgage

✔️ 75% total rebate when you also close with our title partner

That’s real cash back, real fast - to help fund your inspections, moving costs, or your first night in a new home.

Ready to protect your home and your wallet? Start your journey with reAlpha Mortgage.

Title insurance covers legal ownership defects, such as liens, undisclosed heirs, and document forgeries, that could challenge your right to the property.

While lenders’ title insurance is mandatory for most mortgages, owner's title insurance is optional but highly recommended to safeguard your interests.

Typically, it costs around 0.5% to 1% of your home's purchase price. Rates vary by state and provider.

You pay a one-time premium at your closing. After that, no additional payments are necessary.

• reAlpha Mortgage, LLC, NMLS ID #1743790. Licensed in applicable states. Equal Housing Lender.
• reAlpha is a home buying platform that helps you earn up to 75% buyer agent commission rebate when you bundle with mortgage and title services.
• Information contained herein is for educational purposes only and not a commitment to lend.Rates, fees, and services are subject to change without notice and may vary based on loan type and borrower qualifications.

Find the Perfect Mortgage for Your Dream Home with reAlpha Mortgage.

Compare options, calculate payments, and get expert guidance - all in one place.

Check if you qualify