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Dave Van Leeuwen

Sales Representative,100% Club, Hall of Fame
Phone: (905) 945-1745
Fax: (905) 945-2982

Garden City Realty Inc., Brokerage Grimsby

64 MAIN STREET WEST,
GRIMSBY, ONTARIO ON
L3M 1R6
CA

Generally, there are two forms of title insurance. Lender's title insurance, required by most lending institutions, is normally written in the amount of the mortgage and protects the lending institution from losses resulting from title defects.

Because lender's insurance expires when the mortgage is repaid, you may benefit from the second form of title insurance known as an owner's title policy. It usually is written for the amount of the purchase price of the home. This protection starts the day of the closing and lasts as long as you or your heirs retain an interest in the property.

Unlike other insurance premiums, your title insurance premium is paid only once, at the closing. By purchasing owner's and lender's protection simultaneously, substantial savings in title insurance premiums can be realized.

After all fees have been paid and documents signed and notarized at the closing, you will receive a copy of each and, most importantly, title to your house.

Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.


Each office Independently owned and operated
RE/MAX Garden City Realty Inc., Brokerage
64 MAIN STREET WEST
GRIMSBY, ONTARIO ON  L3M 1R6
(905) 945-0660
Real Estate License # 04316188