Mortgage Closing Tips

What you should and shouldn’t do right before your mortgage funds.

While you may have a pre-approved or approved mortgage, it doesn’t fund until the day you
close on your new home. Keep the following tips in mind to ensure a smooth closing:

  1. Keep your bills up-to-date, including your current mortgage (if applicable). 
  2. Don’t add any new credit without consulting with me first, including co-signing a loan. 
  3. Keep the money for your downpayment separate so you have enough at closing to complete the purchase.
  4. Have enough money set aside for other closing costs. Contact me for a list of the costs you can expect.  
  5. Don’t pack any important documents relating to your mortgage/home.
  6. Just before funding is not a good time to quit your job, move to part-time, or reduce your income. 
  7. If your employment situation has changed, please contact me right away.
  8. Don’t change your closing date without telling me first, and remember to satisfy all conditions of your mortgage approval at least 10 days before closing.
  9. Get your home insurance in place, it’s an important part of your mortgage – lenders require it before advancing funds. 
  10. Talk to me about insuring this new debt with mortgage life and disability insurance.

Now go and enjoy your new home! 

If you'd like to find out more about my 8 STEPS TO HOME! and how we make sure you're prepared with all of the top tips and tricks (including the most important thing to look for in a mortgage) then make sure to call / e-mail / check us out on Facebook or Instagram and most importantly say hi!