Prior To Closing
The day before you’re scheduled to sign your loan papers, you will receive what is called a closing disclosure, which itemizes all the various charges, fees and credits related to your transaction. These costs will also have been provided to you early on in the form of a cost estimate which lists potential charges you will see at your settlement. If there are any questions, speak with your loan officer. You can expect a final closing amount slightly different than originally disclosed, but this is normal. Any new charges you weren’t made aware of initially aren’t your responsibility.
You and your agent will visit the property one more time for a final walk-through. During your walk-through, you’ll notice any needed repairs that have been completed. Did the sellers perform the requested actions listed in the sales contract? This is your last opportunity to make sure the sellers agreed to the letter the terms of your contract.
At The Closing Table
Home Buying Information – Expert Mortgage Loan Advice
Most borrowers, whether they are purchasing property or refinancing their home, focus on their mortgage rate and loan terms rather than the type of lender