Up until now the circle of communication has been between you, the lender and realtor. Now the closing company will join in to finish up the last details of the process.
A few days prior to closing the lender will send you closing disclosures that you must sign and return. This generally is no less than three days before closing.
Here are a few important details to remember about closing:
Generally, it takes 30 - 45 minutes to sign the loan and closing documents. Upon signing the documents you now get the keys to your new home.
For a detailed explanation of the buying process contact a Preferred sales associate.
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Will getting pre-approved lower your score? Most Credit Scores are not affected by multiple inquiries from auto, mortgage or student loan lenders within a short period of time. Typically, these are treated as a single inquiry and will have little impact on your credit scores. (copied in part from My FICO). To read the full article CLICK HERE
Ready to get pre-approved? There are several local loan professionals who would love to visit with you. CLICK HERE
Thinking about selling?
Would you like to know:
* How much your home is worth
* How to inspire higher offers
* How long it can take to sell
For a selling consultation call Preferred Real Estate 580-470-8100
or one of our sales associates. Agent Roster