5 Things Not To Do During the Closing Process

Embarking on the journey of homeownership is an exciting adventure, but it’s crucial to navigate the closing process with caution. Here are key pointers from one of the longest practicing Real Estate Attorneys in Blue Ridge, GA to ensure a smooth closing.

1. Change marital status

Your marital status impacts how you hold title. Notify both your lender and the title company of any changes promptly to ensure accurate document preparation.

2. Change jobs

A sudden job change, especially to a lower-paying position or a different field, might jeopardize your loan approval. Lenders may re-verify employment just before funding the loan.

3. Switch banks or move funds to another institution

Only settle existing accounts if your Loan Officer advises it for qualification. Otherwise, maintain your accounts until the escrow closes.

4. Paying off existing accounts unless your lender requests it

Hold off on significant buys that impact your finances. Last-minute credit checks or fund verifications could occur, potentially affecting loan approval.

5. Make any large purchases

A major purchase that requires a withdrawal from your verified funds or increases your debt can result in your not qualifying for the loan. A lender may check your credit or re-verify funds at the last minute, so avoid purchases that could impact your loan approval.

Embarking on homeownership is a significant step, and a smooth closing is paramount.

For any questions or guidance throughout this process, feel free to reach our office at (706) 632-044. Your successful homeownership journey is our priority.