activated is unnecessary — not to mention unpleasant. • Mortgage payments are almost always due on the first day of the month and the payment is for the preceding month. As an example, if you close in July, your first payment is due on the 1st of September. However, interest is due for the month of July from the date of closing. If you close early in the month, say on the 10th, you would have to pay for 21 days, but if you close on the 25th, you would have to pay six days of interest. If money is tight, closing toward the end of the month will reduce your immediate out-of-pocket expenses. If you schedule a closing and fail to complete it on that day, there are consequences. You’ll face increased closing costs the next month, in addition to any penalty for the delay. Although most sellers will work with you if the transaction does not close on time, failure to close opens the door to canceling the sale. This is most likely to occur in a seller’s market, in which the seller may have taken backup offers that are potentially better than yours. Closing can be held in any agreed-upon location. For example, at the title company's office, or at your lender’s or mobil notary can meet you to sign documents. If the later, be sure you are clear with the closing documents prior to meeting with notary.
#9. Be Present at a Walkthrough
A final walkthrough is a last chance to see your future house before you buy it. Commonly, it’s scheduled 2 to 24 hours before the closure. The property should be in the condition that’s specified in your sales contract. You may inspect for any changes made subsequent to the home or pest inspections. Check if everything is in order
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