As you inch closer to closing day, it's essential to know what awaits.
Understanding Closing Day
Closing day, the grand finale of your home-buying journey, is fast approaching. This pivotal moment signifies the official transfer of homeownership. Typically scheduled 4-6 weeks after signing the sales contract, it provides ample time for inspections, appraisals, and title searches.
Who Joins the Closing Party?
Expect the presence of various key players, including:
For Buyers:
Homebuyers
Attorney (if enlisted)
Lender's representative
Real estate agent
Title agent/notary public
For Sellers:
Home sellers
Seller's attorney (if utilized)
Seller's representative
Seller's real estate agent
Title agent/notary public
What Should You Bring?:
While most essentials will be provided, here's what you must have in tow:
Witnesses: Be sure to check in advance to ascertain whether witnesses are required for specific documents. Remember that these witnesses should be over 18 years old and not family members.
Final Walkthrough: Before inking those closing documents, embark on a final walkthrough alongside your realtor. This is your chance to ensure that your dream home aligns with your expectations.
Valid Photo ID: Don't forget to bring your government-issued identification, such as a driver's license or passport, for seamless identity verification.
Cash to Close: Prepare to wire transfer the funds necessary to cover closing costs, the down payment, prepaid interest, property taxes, and insurance. INK Notary Services, LLC ensures that this process runs smoothly.
Proof of Homeowners Insurance: Present the policy's declarations page as a clear indication of your insurance coverage.
Closing Disclosure: This comprehensive document outlines the terms and costs of your mortgage loan. It provides a detailed breakdown of your payment components, including principal, interest, private mortgage insurance (if applicable), property taxes, and homeowners insurance. This document clearly identifies the exact amount you'll need on closing day.
To arrange top-notch loan signing services and secure witnesses, look no further than INK Notary Services, LLC. Contact us at (786) 396-3018 or email us at inknotary@hotmail.com
We're dedicated to ensuring your closing experience is smooth, seamless, and successful.
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