The Chain Of Title is a history of Transfer of Ownership of the property. The Chain Of Title also shows any encumbrances on the property, such as unpaid taxes, deed restrictions, easements, and mortgage loans.
A 15-Year Mortgage can be a great way reduce the amount of interest payment over the life of the loan. The money you save with lower interest is quite substantial, but the monthly payments will be higher than in a 30-Year Mortgage.