Please add sections to this wiki with useful information about the process, so that people don't have to ask the same questions over and over, or scan the whole thread for answers!
Notary and closing
Here is what you can expect or ask for from my experience:
1. New pen for signing wiped thoroughly
2. Pen stays with you after signing
3. Only material they will touch would be your ID
4. ID would be wiped and returned back
5. Can expect gloves to be worn
6. Signing can happen in your front yard or in your garage
7. If you have a Costco table then you can sit on either sides to maintain distancing
8. Masks might be recommended given new guidelines
9. Plus discuss with the notary!!
expired Posted by Greenworld123 • Dec 8, 2019
Dec 8, 2019 2:27 PM
Item 1 of 1
expired Posted by Greenworld123 • Dec 8, 2019
Dec 8, 2019 2:27 PM
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Title-Admin Process Fee
Title-Attorney Fee
Title-Closing Protection Letter
Title-Commitment
Title-Endorsements
Title-Lenders Title Insurance
Title-Settlement Fee
Title-Attorney Fee - CLOSING ATTORNEY
Title-Closing Protection Letter - CLOSING ATTORNEY
Title-Commitment - ??
Title-Endorsements - ??
Title-Lenders Title Insurance - TITLE COMPANY (shop around)
Title-Settlement Fee - CLOSING ATTORNEY
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Dont consider all closing costs out of pocket as escrows are what you'd pay anyways (unless you have them waived).
- Origination, Points, Credit Fee, Appraisal, Flood Cert are all fees the Lenders control.
- Title Related fees (depends on state) are considered 3rd party fees and what you can shop for and bring your own (dont wait too long as that will delay closing).
- Pre-Paid taxes are standard across Lender and will depend on when you close.
- Lastly, the escrows are what the lender collects on your behalf and are standard.
All the above are what show up on your Loan Estimate (A, B, C, D, E, G, H section).If you have escrows already built up then you'll get them refunded when you close from existing lender to you. This is what many people have to bring back to the table but not have on hand so you'll shell out 4-6k but will get back that if you already have that built up with the existing lender.
Shahhere
As I save them to my hard drive I label them with company my name and date. I think I had about 15 of them overall on this go around. (6 banks I think)​
- Origination, Points, Credit Fee, Appraisal, Flood Cert are all fees the Lenders control.
- Title Related fees (depends on state) are considered 3rd party fees and what you can shop for and bring your own (dont wait too long as that will delay closing).
- Pre-Paid taxes are standard across Lender and will depend on when you close.
- Lastly, the escrows are what the lender collects on your behalf and are standard.
All the above are what show up on your Loan Estimate (A, B, C, D, E, G, H section).If you have escrows already built up then you'll get them refunded when you close from existing lender to you. This is what many people have to bring back to the table but not have on hand so you'll shell out 4-6k but will get back that if you already have that built up with the existing lender.
Shahhere
I agree but I'm doing mine and taking money back on negative points/ credit. My balance is high enough where I'm disciplined enough to save and pay aggressively when rates are high or balance is low to pay more towards principle.
Shahhere
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Title-Attorney Fee - CLOSING ATTORNEY
Title-Closing Protection Letter - CLOSING ATTORNEY
Title-Commitment - ??
Title-Endorsements - ??
Title-Lenders Title Insurance - TITLE COMPANY (shop around)
Title-Settlement Fee - CLOSING ATTORNEY
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