Colorado Title Insurance for Refinancing: What Homeowners Should Know

Jerad Larkin
1 day ago
2 min read

Introduction: Why You Need Title Insurance When Refinancing

If you’re refinancing your mortgage, you might be surprised to see title insurance listed again in your closing costs. Many Colorado homeowners ask: “Why do I need title insurance when I already have it?”

Learn why title insurance is needed when refinancing in Colorado. Jerad Larkin and Chicago Title Colorado explain coverage, cost, and lender requirements.

In this blog, we’ll explain Colorado title insurance for refinancing, what it covers, why lenders require it, and why Jerad Larkin and Chicago Title Colorado are trusted statewide for smooth refinances.

Why Title Insurance is Needed During a Refinance

When refinancing, you’re taking out a new loan that replaces your existing mortgage. Because the lender must protect their lien position, they require a new lender’s title insurance policy to verify that the title is still clear.

Even if you already have an owner’s policy, the lender’s policy must be reissued for the new loan.

What the Refinance Title Insurance Covers

Lender’s title insurance for refinancing protects the lender against:

Liens or judgments that may have appeared since your last closing.
Clerical or recording errors in public records.
Fraud or forgery involving property documents.
Unreleased prior mortgages or other title defects.

What’s the Difference Between Refinancing and Purchasing Title Insurance?

Purchase Policy: Covers the buyer’s ownership and lender’s lien during the original sale.
Refinance Policy: Covers the lender’s new loan only - the buyer’s ownership remains protected under their existing owner’s policy.

How Much Does Title Insurance Cost When Refinancing?

Refinance title insurance costs less than the original policy because it reuses much of the existing title work.Typical costs:

Refinance Policy: $200–$500 depending on the loan amount.
One-Time Fee: Paid at closing - no ongoing premiums.

Why It’s Worth It

Even though it’s required for the lender, refinance title insurance also benefits homeowners by:

Ensuring no new liens or issues have appeared.
Confirming ownership remains clear.
Helping transactions close faster and cleaner.

Why Choose Chicago Title Colorado

Jerad Larkin and Chicago Title Colorado are trusted for refinances because they offer:

Streamlined refinance closings with minimal paperwork.
Discounted refinance rates (where applicable).
Secure document handling and escrow services.
Local expertise in Colorado refinance transactions.
National financial backing for reliability and strength.

Real-Life Examples

A Denver homeowner saved time when Chicago Title used existing title data for a discounted refinance rate.
A Colorado Springs borrower appreciated fast turnaround and clear explanations.
A Boulder lender trusted Chicago Title to ensure the new lien was recorded properly.

Conclusion

So, what should you know about Colorado title insurance for refinancing?

It’s a required policy that protects the lender’s interest during a refinance, ensuring your property’s title remains clear. With Jerad Larkin and Chicago Title Colorado, your refinance process stays fast, secure, and stress-free.