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Texas rewrite credit on title policy

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sameerphadke1 Joined: 15 Jan 2009 Posts: 1 1.65 Dollars($)	Posted: Thu Jan 15, 2009 2:04 pm    Post subject: Texas rewrite credit on title policy Like 0 Dislike 0 I was getting an initial estimate from a mortgage company for a refinance for my primary residence mortgage. The property is located in Texas. The broker told me that if you closed on your house within the past 5 years, Texas law entitles you to a discount on the title policy, known as the "rewrite credit". This discount is on a sliding scale depending on how long ago you closed on the house. Where do I find more details on this? How can I ensure that I am getting the cirrect discount percentage? More imporatntly, is a new title policy required on a refi?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Thu Jan 15, 2009 10:24 pm    Post subject: Like 0 Dislike 0 Hi sameerphadke! You can find more details on rewrite credit in the given website: http://www.tdi.state.tx.us/pubs/consumer/cb058.html You can go through the section called "Loan and Owner Title Policies" and get the information. I think the discount percentage may vary from lender to lender but there would a maximum limit and no lender will be able to go above that limit. Yes, a new title policy will be required if you want to refinance the loan. Feel free to ask if you have further queries. Sussane

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