What should you not do at closing?
What should you not do at closing?
5 Things NOT to Do During the Closing Process
DO NOT CHANGE YOUR MARITAL STATUS.
DO NOT CHANGE JOBS.
DO NOT SWITCH BANKS OR MOVE YOUR MONEY TO ANOTHER INSTITUTION.
DO NOT PAY OFF EXISTING ACCOUNTS UNLESS YOUR LENDER REQUESTS IT.
DO NOT MAKE ANY LARGE PURCHASES.
- DO NOT CHANGE YOUR MARITAL STATUS.
- DO NOT CHANGE JOBS.
- DO NOT SWITCH BANKS OR MOVE YOUR MONEY TO ANOTHER INSTITUTION.
- DO NOT PAY OFF EXISTING ACCOUNTS UNLESS YOUR LENDER REQUESTS IT.
- DO NOT MAKE ANY LARGE PURCHASES.
What do I wear to a closing?
The realtor should wear formal business clothing, and not business casual. Formal business clothing could be a suit, slacks and a shirt, or a sport coat and tie.
Can I go on vacation while buying a house?
Sometimes, if enough time is allowed and depending on where you are in the process, lenders may be able to provide loan documents early to help facilitate the closing. The key to being able to vacation while buying or refinancing a home is communication and flexibility.
Can I spend money while buying a house?
Paying cash for big purchases during the mortgage process is a logical option. However, you have to be cautious too, as it can also put your approval at risk. You can pay cash as long as you have enough cash to cover for your down payment, closing costs, and cash reserve when the closing time comes.
