Question Submitted 6/21/2013
We purchased our home 10 years ago and are interested in refinancing it. How, if at all, does a refinance affect Lender's Title Insurance? The new lender sent us a Fees Worksheet stating $1000 for Lender's Title Insurance and $25 for Title Search. If we paid these fees when we initially purchased the house, do we have to pay them again and why? If so, do we get any type of "refund" or credit from the first time we paid them?
Thank you =)
I would ask the bank or your attorney this specific question.