Closing

8 Ways to Derail Your Mortgage Loan Approval

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 …

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Getting Ready for Closing and Finalizing The Deal

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, …

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Will I have to write a check at closing with my refinance?

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 …

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