How To Be Prepared To Close On Your New Home

Closing on a new home is an exciting moment in anyone’s life. Getting a great deal of paperwork in proper order is something required in serious transactions like purchasing a home. To ensure the house closing process goes off without any hitches, there are some steps you should take beforehand.

Get Your Insurance in Order

The house insurance should be in place prior to going in for closing for your home. Take along the name and telephone number of your agent as well as a copy of your policy. To prove your identity, take your driver’s license or some other official form of identification with you.

Certified Funds

You must bring certified funds when closing on a home in Texas. As required by the Texas Department of Insurance, the certified funds are used to pay for your closing costs. In Texas, you have three ways to pay with certified fundsYou have three ways to pay with certified funds in TexasThere are three ways to pay with certified funds in Texas: with a certified check, with a cashier’s check, or with wired funds. If the closing costs are low, some closing officers may accept a personal check as well. Prior to your going to the closing, your realtor or your closing officer will contact you with the amount of the certified funds.

Look Over the Documents

You will need to sign and review a number of documents when you go to the closing. You can take a closer look at the documents before the actual closing It is it best to ask the mortgage company to provide the title company with the documents at least one time before closing, if you wish to take advantage of this right.

Closing from Afar

In some cases, you might not be able to be present when you close on your home. In this case, you might choose to use express mail or power of attorney. If you use Power Of Attorney, the lender will need to approve this method and you will need to make arrangements ahead of time. In order to verify that you are still alive and that the power of attorney is still valid, you will also need to provide a phone number.

If you use express mail, you will need to provide the closing officer with forwarding address as well as a contact number in case you need to be reached. Sign the papers in the presence of a notary.