Posts from May 28th, 2013

It's finally here! Closing day! Before you get swept away in the excitement of a new house, make sure you remember some important points with the home closing process. Here are some thoughts to consider.

1. Know exactly what you are buying. Buying a home is a major investment. Do your homework and make sure the property has been inspected and you know exactly what you are getting.
   
   
2. Know how you are paying. It's important to educate yourself on the type of loan you about to inherit, when payments are due, what the interest rate is and any penalties associated with the loan. When signing the paperwork, ask questions and make sure you understand the terms of the loan.
   
   
3. Know what out of pocket expenses are associated with the closing. Although you have a loan, there is a possibility that some money will need to be paid out so the closing can proceed smoothly and the closing happens on time.
   
   
4. Know if you're "turne...

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