Flagler County Real Estate Blog
 

Title insurance is a form of indemnity insurance that protects the holder from financial loss sustained from defects in a title to a property. It's meant to protect the homeowner and the lender if someone challenges the title.

Private Mortgage Insurance (PMI) is a type of mortgage insurance that borrowers must typically pay if they put down less than 20% of a home's purchase price. PMI protects the lender in case the borrower fails to fulfill their mortgage obligations.

Pre-approval is a letter from a lender indicating that you qualify for a mortgage of a specific amount. It's based on an evaluation of your creditworthiness and financial situation. A pre-approval is not a guarantee that you will get the loan, but it does show sellers that you are serious and capabl

An HOA fee is a regular payment made by homeowners to a homeowners association (HOA) to cover the cost of maintaining and improving shared amenities and spaces within a condominium, townhome, or single-family home community. These fees can cover things like landscaping, maintenance of common areas,