Legal
Chain of Title
The historical record of property ownership transfers
Full Definition
Chain of Title: The historical record of property ownership transfers. Understanding this concept is important when navigating the mortgage process. NMHL loan officers can explain how chain of title applies to your specific mortgage situation.
Why It Matters
Understanding chain of title helps you make informed decisions about your mortgage. This knowledge can save you money and help you avoid common pitfalls in the homebuying process.
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Frequently Asked Questions
Chain of Title refers to the historical record of property ownership transfers. This is an important concept in mortgage lending that affects how your loan works.
Understanding chain of title can help you make better decisions about your mortgage. Contact NMHL for personalized guidance on how this applies to your situation.
Ready to Put This Knowledge to Work?
Connect with an NMHL mortgage expert who can help you navigate the mortgage process.