Looking for the perfect home can be a long process. You don’t want to rush into anything, so you take your time and make sure you find exactly the right space for your family. When you find the perfect spot, it will have exactly what you’ve been looking for. Whether your dream house is a cute little Craftsman bungalow or a sleek mid-century modern home, there’s nothing like moving into your new place.
But before you move in, you’ll have to finish the closing process. That’s why our Minnesota closing agents at Liberty Title have put together this guide to a smooth closing process free of delays. Read on to learn more.
1. Have everything you need for closing.
When you sit down at the closing table, it’s important to make sure you’ve got everything you need. Make sure you bring your identification. You’ll also need to bring funds to cover your closing costs. You’ll need to find out how much to bring from your closing agent and either wire them or bring a certified check or a cashier’s check to the closing. Finally, you’ll need to bring proof of your homeowner’s insurance.
2. Line up your homeowner’s insurance ahead of time.
Most mortgage lenders will not allow home buyers to close on their loans until they’ve purchased homeowner’s insurance. They’ll need to see proof of your insurance policy at or before the closing. In some situations, you may be able to fax it to the escrow company or lender ahead of the closing. However, failure to get homeowner’s insurance could delay the closing.
3. Avoid taking out any loans or credit lines.
You don’t want to do anything to cause a hitch for your loan at the last minute. That’s why it’s important to put off taking out a new line of credit or loan until after closing is complete. Experts also advise that homebuyers avoid putting any large purchases on their existing lines of credit. Failure to do so could cause a delay in the closing and interfere with the home loan.
4. Understand the closing process.
If you understand what to expect during the closing, your closing day will go much more smoothly. That’s why it’s important to have a team of closing agents that can walk you through the entire process from start to finish.
Twin Cities Closing Agents
Moving into your perfect home can be a dream. From the time you put the key in the lock, you’re starting a new, exciting chapter in your life. That’s why it’s important not to leave anything to chance when it comes to your closing.
To make sure things run as smoothly as possible, trust our experts at Liberty Title in Minnesota. Call our closing agents to learn more at 763.494.0340, or contact us to answer your closing-related questions.