2007-02-19 15:22:17 · 5 answers · asked by benjie k 1 in Business & Finance ➔ Renting & Real Estate
Usually you'll need about 1.5 % of the price.
2007-02-19 15:30:58 · answer #1 · answered by ocean 3 · 0⤊ 0⤋
Wow well your question was not specific, but lets assume you are closing on a house, and not closing a cafe for the evening.
You will need
1. Insurance in place
2. All parties who sign will need to bring picture ID
3. Money to pay at closing in the form of a banks cashier check (no personal checks are accepted)
4. Any docs the lender has said must be brought to the closing.
***DO your final walk through the day OF or the day before closing, not sooner, AC units disappear from houses that are walked through a week early***
That is about it. Besure to ask for your "HUD" a day before and review it. Check it against your good faith estimate. It might not be exact, but it shoudl be close. Also ask the MB what rate you got, and be sure to pay attention at the closing for the rate on the NOTE. Ask if you have a prepayment, and if so, ask when it is gone, if you can sell or refinance.
Besure to check the fees.
I have been in mortgages/broker for 9 years.
Good Luck
2007-02-19 23:28:22 · answer #2 · answered by batwanda 4 · 0⤊ 0⤋
Yes I,m buying a house too so I wonering what happens at closing, so I wish you good luch on your new home
2007-02-19 23:35:54 · answer #3 · answered by pattibcacl 6 · 0⤊ 0⤋
A variety of documents. Call the closer and find out what they want you to bring.
2007-02-19 23:49:13 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Huh are you referring to bankruptcy
2007-02-19 23:28:05 · answer #5 · answered by Darth Freakin Vader 1 · 0⤊ 0⤋