Before you begin your search for a house, you need to find a real estate agent. You need an agent that will listen to what you want and help you find your dream home. You talk with several agents before deciding on one. Once you sign the representation agreement, your agent tells you to get pre-approved for financing. The pre-approval will help determine what you can afford for your mortgage.
The Search for a House
With your pre-approval letter in hand, you and your real estate agent armed with a list of houses that meet your criteria, you go house hunting. You go out night after night for a while but tonight is your lucky night; you finally found a house that is right for you. It has everything you want. You decide to put in an offer for the house and the sellers accept it. Now what?
Before you continue with the purchase paperwork, you need to have the house inspected. You want to make sure that there is nothing majorly wrong with the house that could cause you financial stress in the future. Now it’s a waiting game for the results of the inspection. The report is back and nothing major is wrong. So, you decide to proceed with your home purchase.
Starting the Paperwork
Buying a home is a stressful process and if you are a first time home buyer it is even worse. All the paperwork can become overwhelming. Do not worry, there is help out there! A notary signing agent is an individual that specializes in the closing of the loan process. A notary signing agent can help walk you through the final paperwork and signing of the loan documents. He or she will make sure that you are signing the loan documents correctly so it does not delay the closing of your new home.
Finishing the Loan Paperwork
After you have initialed and signed your life away, the notary signing agent will review the loan documents one last time to:
-Make sure all the signatures are complete.
-The signatures are in the correct spots.
-Gather any additional information.
Then the notary signing agent will make sure to deliver the documents in a timely manner to the appropriate location, either the lender or the title company depending on the closing.
Upon receipt of the paperwork and your closing day, the lender will transfer the funds to the title company. The title company then transfers the title and records the necessary documents and informs your real estate agent when the transfer is complete. Your agent will contact you to set up a time for you to pick up your keys to your new home.