Colorado Title Insurance for Home Refinancing: Protecting Your Equity and Peace of Mind

Jerad Larkin
2 days ago
3 min read

Introduction: Refinancing? Don’t Skip the Title Check

Refinancing your home can save you money, lower your monthly payments, or help you access your home’s equity - but it’s not just a simple rate adjustment. It’s a brand-new loan, which means your lender needs the same protection they required when you bought the home in the first place: title insurance.

Refinancing your home in Colorado? Jerad Larkin and Chicago Title Colorado explain how title insurance protects homeowners and lenders during mortgage refinancing.

In this post, we’ll explain how Colorado title insurance for home refinancing works, why it’s required by lenders, and how Jerad Larkin and Chicago Title Colorado make the process fast, easy, and secure.

Why You Need Title Insurance When Refinancing

When you refinance, your new lender wants to ensure that their mortgage is recorded in first lien position - meaning no other party has a legal claim to your property.

Even if you’ve owned your home for years, new risks can develop since your original purchase, such as:

Unpaid taxes or mechanics’ liens.
Clerical or recording errors.
Judgments against your name.
Divorce or inheritance changes affecting ownership.

A Lender’s Policy guarantees the new loan is protected from these issues.

Owner’s Policy vs. Lender’s Policy in a Refinance

It’s important to understand the difference between the two types of title policies:

1. Lender’s Policy

Required for all refinance loans.
Protects the lender’s interest in the property.
Remains valid until the loan is paid off or refinanced again.

2. Owner’s Policy

Purchased when you first bought your home.
Protects your ownership - not the lender’s.
Continues to cover you during the refinance and beyond.

You won’t need to buy a new Owner’s Policy when refinancing - just the updated Lender’s Policy for your new mortgage.

What Title Insurance Covers During a Refinance

A Colorado title insurance policy for refinancing protects against:

Unreleased or hidden liens.
Ownership errors in public records.
Clerical mistakes or missing documentation.
Fraud, forgery, or undisclosed heirs.
Recording issues affecting the mortgage.

If any of these problems surface, the title company covers the legal and financial costs to resolve them.

The Refinance Title Process

1. Title Search and Review

Chicago Title reviews ownership records and liens to ensure everything is up-to-date.

2. Issue Clearance

Any defects - like old loans or unpaid taxes - are cleared before the new mortgage is recorded.

3. Escrow and Closing

All funds are securely managed through escrow to pay off your old loan and finalize the new one.

4. Lender’s Policy Issuance

Once recorded, the lender receives a new title policy confirming first lien position.

Why Choose Chicago Title Colorado

Jerad Larkin and Chicago Title Colorado streamline the refinance process for homeowners and lenders alike.

They offer:

Fast turnaround times for title commitments.
Clear communication between homeowners and lenders.
Secure escrow management for refinance payoffs.
Local expertise in Colorado’s title and recording laws.
Backed by Fidelity National Title Group, the largest title insurer in the U.S.

Real-Life Examples

A Denver homeowner avoided a $2,400 lien error during refinance thanks to title insurance.
A Boulder couple completed a same-day refinance with Chicago Title’s digital closing tools.
A Colorado Springs family refinanced twice in three years - both handled smoothly by Jerad’s team.

How Much Does Title Insurance Cost for Refinancing?

In Colorado, title insurance premiums are regulated by the Division of Insurance. Lender’s Policy rates for refinances are typically lower than purchase rates, ranging from $400–$1,000, depending on loan amount. This is a one-time fee, paid only when the new loan is issued.

Conclusion

Refinancing your home is one of the best ways to strengthen your financial position - and title insurance ensures your investment stays protected along the way. Colorado title insurance for home refinancing protects lenders and homeowners from liens, recording errors, and ownership complications, giving you peace of mind and a smooth closing. With Jerad Larkin and Chicago Title Colorado, your refinance will be secure, efficient, and stress-free from start to finish.