So, you have finally decided to get your dream house. You’ve applied for a mortgage and you have chosen a lending company to help you get what you’ve always dreamt of. Everything has already been planned out. The only thing that you’re waiting for is the “closing” date.
The “closing” is the final stage in financing a house. It is the time where the seller meets the lender and the debtor, which means you. It is the most exciting phase of processing for a mortgage as it mostly involves giving you the keys to your new home and maybe a celebration! Several mortgage companies do NC mortgage closings quick. It is very exciting to get a first look at the place where you will build your family and call a place your home.
But there are also things you need to consider before finalizing your purchase. Because this is the time where you still have the ability to do a second look or negotiate some terms with the loan. Before the closing date, you have three days to review the closing disclosure form. The closing disclosure form is an itemized list of the closing costs, outstanding fees, and the outline of the loan terms. It gives you information about what you’ll be paying before you move to your new home.
These are the same information seen in a loan estimate that is being handed after getting approved on the mortgage. If you’re not given a loan estimate, you can request one from your lender. You can compare between the two to get an insight on what to do next with your loan. You can either request for a re-review of the loan terms or ask for a much lenient plan to pay your loan.
Check and Inspect Property before the Closing Date
It is also best for you to visit the place and do a final check throughout the property. Most contracts for home-sale allow buyers to visit the site within 24 hours before the closing date. So you will have time to inspect the property and check for unrepaired areas. This will also give you enough time to report to the seller if in case you find any problems with the site. You can ask the seller to delay the closing date for them to repair any problems on-site or provide you with options to cover the repairs. You can request money from an escrow account to make sure that the repairs are taken care of.
Once all of that has been settled, it’s time to prepare for the closing date. You have several documents that you need to sign during the closing date. You have the deed of trust, mortgage note, the initial escrow statement, the closing disclosure, and the loan estimate. If you’re moving into a newly constructed house, you will be given a certificate of occupancy. Once all the legal documents have been signed, you will be given the keys to your new home.
Getting your dream home is a long and steady process, but if you need assistance that offers NC mortgage closings quick you may reach AmeriSouth at (704) 845-9400 or visit them at Suite 120, Crown Centre, 2101 Sardis Road North, Charlotte, NC 28227.