By Justin Bevins | For Buyers , Loan Info , Real Estate Tips
On closing day, expect to sign a lot of documents and walk away with a big stack of papers. Here’s a list of the most important documents you should file away for future reference. HUD-1 settlement statement. Itemizes all the costs — commissions, loan fees, points, and hazard insurance —associated with the closing. You’ll need […]
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By Justin Bevins | For Buyers , Loan Info , Real Estate Tips
W-2 forms — or business tax return forms if you’re self-employed — for the last two or three years for every person signing the loan. Copies of at least one pay stub for each person signing the loan. Account numbers of all your credit cards and the amounts for any outstanding balances. Copies of two […]
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By Justin Bevins | For Buyers , Loan Info , Real Estate Tips
You’ll likely be responsible for a variety of fees and expenses that you and the seller will have to pay at the time of closing. Your lender must provide a good-faith estimate of all settlement costs. The title company or other entity conducting the closing will tell you the required amount for: Down payment Loan […]
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