{"id":2188,"date":"2015-09-05T07:47:56","date_gmt":"2015-09-05T07:47:56","guid":{"rendered":"http:\/\/teammovemortgage.com\/?p=2188"},"modified":"2020-07-13T22:34:21","modified_gmt":"2020-07-13T22:34:21","slug":"purchase-closing","status":"publish","type":"post","link":"https:\/\/teammovemortgage.com\/blog\/purchase-closing\/","title":{"rendered":"Homebuyer Series: “I want to buy a home in a year or less” The last steps to be ready for closing"},"content":{"rendered":"
\"Steps
Steps to be ready for your purchase closing up-front<\/figcaption><\/figure>\n

Steps to be ready for your purchase closing<\/h1>\n

Over the last 6 articles, we have been providing a roadmap\u00a0to get\u00a0buyers through the roadblocks to homeownership.\u00a0 Today let’s\u00a0finish up with the last steps to be ready for a purchase closing.\u00a0 Everything up to this point has been what to do very early in the purchase process.\u00a0 We discussed\u00a0establishing credit for great rates and approval,\u00a0down payment tips, following a budget to afford a home, how best to pay\u00a0rent, understanding how the right realtor can help you find the right home, and knowing the mortgage loan options available.\u00a0 Today, let’s finish with…<\/p>\n

The Steps To Be Ready For a Purchase Closing:<\/h2>\n
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  1. Have your documentation in order for your mortgage lender up-front even before you apply for a mortgage.\u00a0 By providing the documentation up-front, it will help you close on-time, get an accurate pre-approval, get quicker underwriting approval, and then gives you more confidence in your home purchase.\u00a0 Learn the common items that could be required\u00a0for processing your mortgage loan<\/strong><\/span><\/a>.\u00a0 I would even suggest for you to start your own mortgage file with this list at the front so you can get everything together and then just keep updating it as new documentation is available.<\/li>\n
  2. Don’t do things that will sabotage your purchase closing such as quit or change jobs.\u00a0 Basically it is important to be very boring and keep the status quo while buying a home.\u00a0 Read the Top 10 Huge “What Not To Do When Buying a Home” Tips<\/span><\/strong><\/a> now.\u00a0 If you can know these pitfalls now, they won’t kill your mortgage later!<\/li>\n
  3. A purchase and mortgage have so many steps and moving parts,\u00a0that it can be easy for a buyer to become overwhelmed if not prepared.\u00a0 So we have created a Checklist to be Ready for Closing Before Closing<\/strong> <\/em>which includes some items most do not think about.\u00a0 So don’t be surprised and read our 10 Important Steps to be Ready for Closing<\/span><\/strong><\/a> now<\/li>\n
  4. Understand the rules for bringing down payment to closing.\u00a0 Many buyers think that a personal check or cash is ok to bring to a mortgage closing and most of the time, that is not true.\u00a0 Almost every time a buyer needs to either wire the funds or provide a certified funds check to the closing attorney or settlement company.\u00a0 Learn more about the requirements for providing funds at closing here<\/a><\/span><\/strong><\/li>\n
  5. Provide the earnest money deposit or due diligence funds in a way that will not cause a problem with your mortgage loan.\u00a0 The biggest thing to remember is DO NOT pay deposits in cash.\u00a0 Click here to learn How to Document Earnest Money funds on a Purchase<\/strong> <\/span><\/a><\/li>\n<\/ol>\n

    We hope that our 7 step process to become a homeowner was very helpful.\u00a0\u00a0We encourage you to talk to one of our expert loan officers in order to start your home purchase.\u00a0 Even if a purchase is 6 – 12 months away, let’s start planning now.\u00a0 Also\u00a0follow our blog for future FAQ\u2019s, Tips for realtors and buyers, and mortgage program details at http:\/\/teammovemortgage.com<\/a><\/p>\n

    Read the other articles in the Homebuyer Series \u2013 \u201cI want to buy a home in a year or less!\u201d:<\/h2>\n