How Tricky?
Pretty mind bending actually but there are a couple of things an educated consumer such as yourself should be aware of regarding title insurance premiums in the State of Florida. If you are selling an existing home within 3 years of purchase look for your prior owner’s title insurance policy and give us a copy so we can apply a reissue credit. If you are selling vacant, unimproved land look for your prior owner’s title insurance policy and give us a copy so we can apply a reissue credit. If you are refinancing any time after purchase look for your prior owner’s title insurance policy and give us a copy so we can apply a reissue credit. If you are refinancing with your current lender and the existing mortgage policy insures that lender you may qualify for an even greater credit called the substitution loan rate. If you are refinancing with ANY lender and the existing mortgage balance and the new mortgage balance both exceed $250,000 you may also qualify for the substitution loan rate. I
