Ready to close on your new home? It’s a lot of paperwork and a lot of
details, but there’s no need to be nervous. Making sure that you’re
prepared for this crucial step can make it much less stressful.
Keep these important tips for closing on a home in mind:
Communicate with your lender as much as possible. Your lender should
guide you through the closing process and address any concerns you
Look over the Good Faith Estimate (GFE) provided by your lender.
This includes information on all of the closing costs and fees you’ll be
expected to pay. Find out if the seller will be covering any of these
Be prepared to pay mortgage costs, as well as state and local taxes.
Your mortgage costs will include charges for loan origination, credit
checks and title insurance. State and local costs include property taxes
and transfer taxes.
Check for third party fees that might be included in your GFE, such as fees for underwriting or document preparation.
Fees: What to expect
Lender fees, escrow fees, title fees … Educate yourself ahead of time
on what to expect, so that there are no surprises at the closing table.
Click here to find out what fees you’re likely to encounter during the homebuying process.Looking for more helpful information on closing on a home? Visit Wilkinson ERA for expert advice.
Author:Scott Wilkinson Phone: 704-957-0323 Dated: October 20th 2014 Views: 1,651 About Scott: ...
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