After Home Closing, Which Documents Should I Keep? » Mortgage Masters Group

Key mortgage closing documents. Copies of these should be reviewed prior to closing and the actual documents you sign should be checked again at closing itself. The HUD-1 is a detailed listing of all the costs of the transaction, and specifies who is paying each – for example, the seller typically pays certain costs associated with a home sale.

Home Mortgage 101 Closing Process Closing Process The home buying process is full of paperwork , important dates, contracts, market movements and checklists that can even overwhelm seasoned real estate investors.

Answer: Before closing on a mortgage, you can expect to receive documents required by state and federal law and contractual documents. Visit our interactive sample Closing Disclosure with tips and definitions. If you applied for a mortgage prior to October 3, 2015, or if you’re applying for a reverse mortgage, you receive a HUD-1 Settlement Statement and a Truth-in-Lending disclosure instead of a Closing Disclosure.

Mortgage Master Service Corporation is located in Kent, WA, and we know that buying a home is one of the biggest investments most people make in their lives. That is why our goal is to create a relaxed, friendly atmosphere for you in which to make that decision.

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During the closing. Review the documents for accuracy and ask any questions you have. tip: learn more about what to expect during the closing. After the closing. You’ve agreed to make your mortgage payments on time each month. Understand when your first payment is due and whether you’ll be paying it online or with a check.

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A guide to important home buying documents to keep after closing on your home and which documents can be originals and which can be copies. Source: After Home Closing, Which Documents Should I Keep?. Mortgage Masters Group NMLS Branch ID#: 373290 Phone 772-340-4003 Email doug.

Closing on your mortgage is the last step in buying your home.Once you’ve completed the closing process, you become the legal owner of your home.Obviously, this is one of the most important and critical steps, because without closing, you don’t actually own your home.

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