Protecting Your Largest Single Investment

Real Estate Mortgage Broker with Aurora Financial Group
Protecting Your Largest Single Investment Title insurance is not as well understood as other types of home insurance but it is just as important. You see, when purchasing a home, you are really purchasing the title to the property – the right to occupy and use the space. That title may be limited by rights and claims asserted by others, which may limit your use and enjoyment of the property and even bring financial loss. Title insurance protects against these types of title hazards. Other types of insurance that protect your home focus on possible future events and charge an annual premium. On the other hand, title insurance protects against losses from hazards and defects that already exist on the title and is purchased with a one-time premium. Two kinds of title insurance benefit you in two ways There are two kinds of title insurance: ◦Lender or mortgagee protection ◦Owner coverage Most lenders require mortgagee title insurance as security for their investment, just as they might require fire insurance and other types of coverage as issues for protection. When title insurance is provided, lenders are willing to make mortgage money available. Owner’s title insurance lasts as long as you, the policyholder, or your heirs, has an interest in the insured property. This may even be after you have sold the property. Depending on local practices, you may pay an additional premium for an owner’s policy or you may pay a simultaneous issue charge – usually a much smaller amount – for the separate lender’s coverage. Visit us today
Posted by

Carol and Richard DeGrace                               

Vice Presidents

NMLS # 149276, 149277

Aurora Financial Group Licensed Mortgage Banker NJ/PA Dept of Banking

and Insurance NMLS# 7096

Aurora Financial Group


9 Eves Drive

Suite 190

Marlton, NJ 08053

Phone: 856.596.6200, Ext 109

Carol cell: 609.209.3800


Rich cell: 609.209.3700

Efax: 856.355.4757




Re-Bloggged 2 times:

Re-Blogged By Re-Blogged At
  1. Carol DeGrace 01/08/2011 12:03 PM
  2. Dan Detamore 01/08/2011 12:16 PM
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Home Buying
1st Time Buyers
NJ First Time Home Buyer
Salem County, NJ
South Jersey
USDA Rural Development Loan Group
treasury mortgage
title insurance
carol degrace
steve kappre

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Richard DeGrace

NMLS # 149277, Camden County, NJ Loan Officer
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Additional Information

Aurora Financial Group, South Jersey's largest independent mortgage banker. More than 20,000 area consumers have received over $2.1 billion from Aurora over the past two decades. We offer a wide variety of mortgage products, including specialized programs targeted for first-time homebuyers and retirees/seniors. Since it's founding, Aurora has been at the forefront of innovative and addordable residential financing. Some of Aurora's notable achievements are: •Largest originator in southern NJ of government backed loans (FHA, VA, RHS), 1986 to present •Largest participant in NJ Housing & Mortgage Finance Agency (NJHMFA) programs, 1990 to present •Largest originator or Rural Housing Service guaranteed rural housing loans, 1992 to present •A leading providor of renovation and rehab loans using Fannie Mae's "Home-Style", FHA 203k, and NJHMFA's mixed use "upstairs-downstown" and home remodeling "HomePlus" programs •Seller-Servicer for Fannie Mae, NJHMFA, and numerous banks, pensions funds, and private investors. "Aurora Financial Group Inc. (NMLS # 7096) is a licensed Mortgage Banker - States of NJ & PA Departments of Banking."