Comments on: What Is a Mortgage, Really, and How Do I Get One? http://www.justonemoreyear.com/mortgage-really-get-one/ One couple's story of escaping 9 to 5 until 65 Wed, 20 Jul 2016 17:22:09 +0000 hourly 1 https://wordpress.org/?v=4.5.11 By: Bryan http://www.justonemoreyear.com/mortgage-really-get-one/#comment-548 Wed, 23 Mar 2016 17:48:32 +0000 http://www.justonemoreyear.com/?p=1247#comment-548 You are welcome ARB!

The article is something that I would have posted on my site at some point. This allowed me to spend some time remodeling the home instead of typing a new post. No worries, news ones are in the pipeline.

I wonder what the record is for the most F-words in a blog post? You might be able to call Guinness Book of Records to get your anonymous name recorded in their history books! 🙂

Take care,
Bryan

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By: Bryan http://www.justonemoreyear.com/mortgage-really-get-one/#comment-547 Wed, 23 Mar 2016 17:44:45 +0000 http://www.justonemoreyear.com/?p=1247#comment-547 Gary,

Excellent question which I had not considered before regarding Title Insurance. I had a quick call to confirm my thoughts with my local contact.

Yes, you can buy a house without taking out a title insurance policy. It is basically there to protect yourself (the buyer) from any liens or other title issues that are potentially not recorded. BTW – you will need to pay cash since mortgage lenders require a title search and policy. This doesn’t matter if it is new or used constructed homes. Builders could have liens filed against them from sub-contractors that might appear after the purchase of the home.

Bottom line: I would not purchase a new or existing home without the title insurance policy in place first.

Great question!

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By: Gary http://www.justonemoreyear.com/mortgage-really-get-one/#comment-546 Wed, 23 Mar 2016 16:19:24 +0000 http://www.justonemoreyear.com/?p=1247#comment-546 More to is Owner’s Title Insurance really a necessity.

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By: ARB http://www.justonemoreyear.com/mortgage-really-get-one/#comment-545 Wed, 23 Mar 2016 00:01:18 +0000 http://www.justonemoreyear.com/?p=1247#comment-545 Hmm, this seems familiar……. 😉

Again, thanks for guest posting on my site, Bryan. And you’re right, I don’t hold back. I think my latest article set a record for most F-words ever to be written on a personal finance blog.

Sincerely,
ARB–Angry Retail Banker

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By: Bryan http://www.justonemoreyear.com/mortgage-really-get-one/#comment-544 Tue, 22 Mar 2016 23:45:13 +0000 http://www.justonemoreyear.com/?p=1247#comment-544 All very good points Gary. I felt like I had already too much content at several thousand words so I tried to keep the focus on the perspective of a first time mortgage.

I do want to go into more depth on making offers, counter offers, title insurance, inspections, a walk through, working with realtors and numerous other components that tie with taking out a mortgage to buy a home. I think these will all be excellent topics for future posts.

In regards to buying new construction, is your question from a perspective of if you need title insurance or how does it affect getting a mortgage? I would be glad to offer my $.02 worth opinion on either subject.

Thanks!

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By: Gary http://www.justonemoreyear.com/mortgage-really-get-one/#comment-543 Tue, 22 Mar 2016 21:44:24 +0000 http://www.justonemoreyear.com/?p=1247#comment-543 How about some info on Owner’s Title Insurance, both standard and enhanced? Is it worth it? What if you’re buying new construction?

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