Homeowners, Property Tax & Repairs · Surprise rank #260
Refinancing Within 10 Years? Ask for New York’s Title-Insurance Refinance Discount
New York title-insurance rates include a discounted mortgage-loan policy premium for qualifying refinances within 10 years of a previously insured mortgage or owner policy.
Who
Refinancing borrowers whose property was covered by a qualifying title policy within the prior 10 years, with no ownership change and no qualifying property change.
What to do
Start here: Give the title company or closing attorney the prior title policy or proof of the prior insured mortgage and ask them to price the refinance/subordinate-mortgage rate.
Eligibility: Refinance within 10 years of a previously insured mortgage or fee policy, no change in ownership, and the property has not changed in a way that defeats the rate.
What you get
The refinance/subordinate-mortgage rate reduces the premium for a new lender's title policy when the transaction meets New York's filed-rate conditions.
Benefit: A discounted lender title-insurance premium at refinance.
Possible value: Savings depend on loan size, age of the prior policy and the filed rate. DFS confirms a discount applies but the exact dollar amount is transaction-specific.
Good to know
Important: This is a regulated rate, not a discretionary coupon or rebate. Eligibility depends on the prior insurance and transaction facts, so ask for the discounted-rate calculation before closing.
Availability: Current New York title-insurance rate option.
Why people miss it: Borrowers may not know that an old title policy can affect the price of the new lender policy, especially when using a different lender or title company.
Sources reviewed: Aug 10, 2026