Maximize your savings with a Reissue Credit on your Title Policy.

At Sun National Title Company, we understand that buying or refinancing a home can be a significant financial commitment. That’s why we’re committed to helping you save where we can. One way to do this is through reissue credit, a benefit that can reduce your title insurance costs. In this blog post, we’ll explain what reissue credit is, how it works, and how you can take advantage of it.

What is Reissue Credit?

Reissue credit is a discount offered on title insurance premiums when you’re refinancing or purchasing a new property, provided you already have an existing title insurance policy. Essentially, it allows you to receive a credit for the previous title insurance policy, which can significantly lower your costs for the new policy.

How Does Reissue Credit Work?

When you refinance your mortgage or purchase a new property, you’ll typically need a new title insurance policy. However, if you had a title insurance policy on your previous property or mortgage, you might be eligible for reissue credit. This credit is based on the idea that much of the previous title work and underwriting remain relevant and applicable to the new transaction.

To qualify for reissue credit, the existing policy must generally have been issued within a certain time frame. The credit amount varies by type of Property and Transaction type, but it can be a substantial percentage of the new title insurance premium.

How Can You Benefit from Reissue Credit?

1. Cost Savings: The most immediate benefit of reissue credit is the potential savings on your title insurance premium. Depending on the state and insurance provider, you might save anywhere from 20% to 50% off the standard rate.

2. Simplified Process: Leveraging reissue credit can streamline the title insurance process. It acknowledges the validity of your prior title insurance and avoids redundant work, making the transaction smoother.

3. Increased Value: By reducing the cost of title insurance, reissue credit can make your real estate transactions more affordable and financially beneficial, whether you’re refinancing your mortgage or purchasing a new property.

How to Apply for Reissue Credit

Applying for reissue credit is straightforward. Here’s what you need to do:

1. Check Eligibility: Ensure you have an existing title insurance policy and that it meets the criteria for reissue credit. Our team at Sun National Title Company can help you determine eligibility.

2. Provide Documentation: You may need to provide a copy of your previous title insurance policy or other related documents to prove its existence and validity. In most cases we can search our database to obtain this information

3. Consult with Us: Contact Sun National Title Company to discuss your upcoming transaction. We’ll help you understand how reissue credit can apply to your situation and guide you through the process.

Determining Eligibility

Refinance Transactions- No Time Limit

Vacant Land- No Time Limit

Improved Land- 3 years

Why Choose Sun National Title Company?

At Sun National Title Company, we pride ourselves on offering exceptional service and expertise in the title insurance industry. Our experienced team is dedicated to helping you navigate the complexities of title insurance and ensuring you receive all the benefits you're entitled to, including reissue credit.

If you’re planning a real estate transaction and want to learn more about how reissue credit can save you money, reach out to us today. We’re here to provide personalized support and ensure a smooth and cost-effective process for your title insurance needs.

Contact Us

Ready to take advantage of reissue credit or have more questions? Contact Sun National Title Company in Polk County FL at 863-733-0224 or lakewales@closewithsun.com, or visit our website www.titlecompanylakewales.com for more information. Let us help you make the most of your real estate investment!