Do I need a new owner's policy when I refinance?

Not necessarily. Your existing owner's policy remains in effect for the original purchase price. However, if your home value has increased or you want coverage for a cash-out refi amount, consider an owner's policy enhancement or a new policy. Your closer can provide a quote.

Why is there a title search if I already have title insurance?

The new lender needs to verify current lien status and confirm no new encumbrances have been recorded since your last policy. Liens recorded after your purchase — HELOCs, judgments, tax liens — would take priority over the new mortgage if not identified and cleared.

What is a reissue rate?

A reissue rate is a discounted title insurance premium offered when a prior policy on the same property is recent (typically within 3–10 years). It reduces the cost of the new lender's policy because the underwriter's risk is lower. Eligibility rules vary by state and underwriter.

Can I choose my own title company on a refinance?

In most cases, yes — though some lenders have preferred provider arrangements. Section C of your loan estimate lists settlement services you can shop for. TrustPro Title accepts orders from borrowers, lenders, and brokers nationwide.

How long does a refinance closing take with TrustPro Title?

Once the lender sends the closing package, we can typically schedule signing within 1–2 business days. The title commitment is delivered within 24–48 hours of file opening. Total timeline depends on how quickly the lender processes the loan and whether curative items exist.

What happens to my old title policy after I refinance?

Your owner's policy stays in place — it is not cancelled by refinancing. The old lender's policy terminates when that loan is paid off. A new lender's policy is issued for the new mortgage. You should retain your original owner's policy document in your permanent records.

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July 31, 2026 · TrustPro Admin

Title Insurance on a Refinance: What Homeowners Need to Know

Refinancing requires a new title search and lender's policy even though you already own the home. Learn about reissue rates, lien clearance, and how to keep your refi on schedule.

Refinancing replaces your existing mortgage with a new one — often at a lower rate, different term, or to access equity. Even though you already own the home and may have bought title insurance when you purchased, your new lender requires a fresh title search and a new lender's title insurance policy protecting its lien. Your existing owner's policy from the original purchase remains in effect (assuming you still own the property), but the new loan creates a new insurable interest that must be covered separately.

Refinance closings are typically faster than purchases — no seller, no purchase contract contingencies, and often a shorter escrow period. But they are not automatic. The title search on a refi identifies every lien recorded since your last policy: home equity lines, judgment liens, child support liens, municipal code violations, and HOA assessments. Any of these can block funding if not cleared before closing.

TrustPro Title & Escrow, Inc. processes refinance transactions nationwide from Clearwater, Florida, with flat escrow fees, 24–48 hour commitment turnaround, and coordinated signing appointments that fit your schedule. We serve 49 states (excluding Hawaii and Puerto Rico) and offer reissue premium discounts where the prior policy qualifies. Learn more about our refinance closing services or open a refi order.