Don't Jeopardize Your Home Loan:
Taking out a another loan, buying a car, or
making large credit card charges before you close can jeopardize your
loan commitment. Mortgage lenders run a second credit check prior to
closing to check for any new charges.
Time to Close:
Closing at the beginning of a month, the lender will require you to
"prepay" the interest on your loan from the day of closing to the end
of the month. Therefore the cash you need to close will be more than
if you close at the end of the month. Talk with your lender about
this. We can help you with your home search.
Buyers Remorse: It's
common for buyers to feel stressed or remorseful during and after the
purchase of a home, Educating yourself about the buying process will
help minimize "buyers remorse". You will probably forget it soon after
you move into your new home.
Notify Services & Utilities:
Don't forget to contact services such as: post office,
insurance, movers, telephone, utilities, newspaper, etc. a few weeks
prior to you moving out to "change over" billing/mailing addresses.
Arrange for Mover: Get
a couple of written estimates from movers on the services they provide
for the costs of your move. Check the local Yellow Pages to get quotes
and contacts. We can help you with your home search.
Final Walk Through:
Do a final walk through as close to the sign off as
possible. Check appliances for operability. Test outlets with a radio
or test device. Turn on light switches. Check water faucets and
toilets. Make sure promised cleaning and repairs have been completed.
Check that all items included in the purchase of the home (review
contract) are present. For new construction, write down what needs to
be completed or fixed, have builder sign. Include the date when these
items will be completed.
Closing Costs: You
will have to have your closing cost monies deposited in escrow before
you can close. Don't bring in a personal check to pay. Money should be
in the form of a certified check or a money wire transfer. Check with
your closing attorney.
