CLOSING DOCUMENTS
Closing day could be a stressful experience if you do not take the time to prepare properly. To ensure a smooth stress free transaction, take a moment and gather the following documents.
- Existing property survey; the lender will require one, the surveyor will usually just update the existing one and charge a lower fee.
- Title insurance policy; the lender will require one; the closing agent can update your policy without having to write a new one.
- Property tax statement; will ensure that the tax pro-rations at time of closing will be correct.
- Mortgage payoff balance; to properly credit (payoff) your existing mortgage the closing agent will need this. Sometimes it can take up to 30 days to get.
- Utility bills; have last month's bills handy. This could save you from having to put money in escrow to pay them.
- Survey and title policy may be found in your closing package from when you originally closed on your home.
- The other documents should be lying in the stack of bills that we try to avoid, but know that sooner or later we have to deal with.
Believe me when I tell you that this will save you a lot of headaches.
If you have any questions drop me a note at javiergonzalezpa@bellsouth.net
