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  1. You will buy title insurance every time you buy or refinance a home and borrow money. Your savings are magnified whenever you refinance through ENTITLE DIRECT.


  2. For the first time, you can choose your own title insurance company and review important documents prior to closing, including sample documents. This will reduce your
    closing anxiety.


  3. You can take control of your own closing with our industry-first Control Panel.


  4. Federal and state governments have long criticized the title insurance industry.
    ENTITLE DIRECT responded.



ENTITLE DIRECT > Title Insurance Knowledge > Title Insurance Glossary (terms starting with M)

Title Insurance Glossary (terms starting with M)

A B C D E F G H I J L M N O P Q R S T U V W Y
Margin
Generally a fixed interest rate amount that is added to an index to determine the interest rate on an adjustable rate loan.
Maturity Date
The date on which the principal balance of a loan, bond, or other financial instrument becomes due and payable.
Mechanic's Lien
A lien filed by a contractor for work performed on a property. The time frame for which a mechanic's lien can be filed is generally limited by statute. However, in many jurisdictions, a lien can be filed by a contractor after the transfer of the property. Your EnTitle Direct insurance policy provides protection for property-filed mechanic's liens that are filed after the transfer of title.
Mortgage
The conveyance of an interest in property as security for the repayment of money borrowed.
Mortgage Commitment
An offer in writing that states the terms and conditions under which a lender agrees to make a mortgage loan. If a borrower is unable to obtain a mortgage commitment while exercising their best efforts to obtain one, many times they can opt to terminate a real estate transaction if they negotiated a mortgage contingency clause and they notify the seller within the time specified in the contingency.
Mortgage Life and Disability Insurance
An insurance policy that is purchased that will make the borrower's mortgage payments in the event of a disability or pay your mortgage balance upon your death.