The day of closing is the goal at the end of a long and complex homebuying journey. Like every step of the process, closing on a new home has multiple smaller steps and variables to prepare for. Luckily, there are some simple ways to get ready for the closing process. Here are the most important things you should have on closing day:
You’ll need to verify your identity with the title company that’s responsible for the loan closing. It’s important that everyone who has their name on the loan bring their own form of identification.
A cashier’s check from the bank will be necessary to pay your closing costs. Closing costs can include the down payment, prepaid interest, property taxes and insurance fees. The cashier’s check for closing costs is commonly referred to as “cash to close.”
The closing disclosure is an essential form involved in the loan process. This document lists the final terms and costs of your mortgage. You’ll get this form from your lender at least a few business days before closing.
Bring proof of a homeowners insurance policy with you on closing day. Homeowners insurance is required by your lender to issue final approval on the mortgage. You can typically use the policy declaration page from your insurance provider for this purpose.
Closing on a home is one of the most significant financial decisions you can make, and it’s critical to have somebody with you who’s protecting your interests. It’s recommended that you have a closing agent or a real estate attorney present on the closing day.
Closing on a home is a major event and the final step in your homebuying process. To prevent delays, make sure you remember this list of the essentials before the day arrives.
Having the distinction of representing many of Marin and San Francisco’s most luxurious homes, Colleen Fitzpatrick brings a wealth of expertise and experience to her clients. Her finesse in handling high-end transactions has been finely tuned with the highest level of integrity and diplomacy. Associating with Golden Gate Sotheby’s International Realty has further broadened her sphere to include a network of highly skilled associates all over the world.
Throughout her career, Colleen has partnered in the construction of over 25 homes, 4 for her own family, and participated in numerous land subdivision projects, so her clients benefit from her broadened perspective. In her free time, travel, especially to India, has become her passion.
Colleen’s commitment to her client’s success, adhering to the highest level of professionalism, and holding her support team to this same standard is assured. She is highly aware of the discretion and privacy necessary for her clientele. Working with Colleen, sellers, and buyers can be confident they have made an excellent choice in their selection of an agent.
Designations: Broker, CA DRE #00851293