5 Things NOT TO DO During Closing

We understand that by keeping you informed and helping you prepare for closing day, the more likely you will have a stress free closing experience. Our courteous and professional staff is proactive in their communication and work diligently to ensure the orderly and efficient transfer of real estate…and we do it with a level of service and friendliness that is hard to beat in this industry.

Here are 5 things NOT TO DO during the closing process:

  1. CHANGE YOUR MARITAL STATUS:
    How you hold title is affected by your marital status. Be sure to make both your lender and the title
    company aware of any changes in your marital status so that documents can be prepared correctly.
  2. CHANGE JOBS:
    A job change may result in your loan being denied, particularly if you are taking a lower-paying position or
    moving into a different field. Don’t think you’re safe because you’ve received approval earlier in the process,
    as the lender may call your employer to re-verify your employment just prior to funding the loan.
  3. SWITCH BANKS OR MOVE YOUR MONEY TO ANOTHER INSTITUTION:
    After the lender has verified your funds at one or more institutions, the money should remain there until
    needed for the purchase.
  4. PAY OFF EXISTING ACCOUNTS UNLESS YOUR LENDER REQUESTS IT:
    If your Loan Officer advises you to pay off certain bills in order to qualify for the loan, follow that advice.
    Otherwise, leave your accounts as they are until your escrow closes.
  5. MAKE ANY LARGE PURCHASES:
    A major purchase that requires a withdrawal from your verified funds or increases your debt can result in
    your not qualifying for the loan. A lender may check your credit or re-verify funds at the last minute, so
    avoid purchases that could impact your loan approval.

We hope this helps you to have a stress free closing experience. If you need additional help please do not hesitate to call us at (985) 674-5044.