The day you close on your new home will be one of the most rewarding experiences of your life. While homeownership does come with responsibility, you'll take pride in the fact that you have a new home for you and your family to enjoy now and in the future.
The thing you'll probably remember years later about your closing is how many times you had to sign your name.
No need to feel overwhelmed! Following these tips will help you stay calm, cool, and collected during your closing.
- Avoid feeling rushed by reading all the documents that will be sent to you prior to closing. Oftentimes, real estate agents will review your documents in detail with you before the closing date to ensure you are comfortable. Don't hesitate to ask your agent for this.
- Don't be afraid to ask questions about the legal terminology in closing documents. It is important that you understand everything you are signing; most homebuyers ask a lot of questions and it is expected.
- Know that the documents in the mortgage process are the same for everyone, regardless of race or ethnic origin.
- Consider having an attorney look at the documents or attend the closing with you.
Read our other post on ways to ensure a smooth closing and follow this series just in time for the Spring Homebuying season.
For details on closing your home loan, visit My Home by Freddie MacSM.
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