When purchasing or refinancing a home, getting from loan application to the actual closing can take time, typically 3 weeks in an average home market. However, some loan approvals for unique situations have been known to take much longer. Many different factors could determine how long it will take to get to the closing table; and …
Pre-Closing Preparation As the date of the closing draws near, you will need to make contact with the closing attorney and your mortgage lender to ensure that all the necessary documents are being prepared. A few days before the closing on your new home, you will need to contact your utility services such as electricity, …
Getting Ready for Closing and Finalizing The Deal Read More »
When you refinance and pay closing costs, you can certainly roll in these expenses to the new loan if you so desire as long as you have enough equity to avoid paying PMI. If you will be over the threshold by rolling in your closing costs we could set you up with a small 2nd …
There may be some out of pocket funds required at closing depending upon a couple of factors. If you have an escrow account for taxes and insurance, it does not roll over to your new mortgage. This means we must collect for the new escrow account whatever amount should be in that account at this …
Will I have to write a check at closing with my refinance? Read More »
