• Inspection: Evaluates the home’s condition, uncovering potential issues. It’s for your protection as the buyer. In New Hampshire, appraisers often use the sales comparison approach, analyzing recent sales of similar properties in the area. If the appraisal comes in lower than your offer, it could disrupt the deal, depending on the amount of your downpayment. Your Loan Originator will guide you on the next steps if this happens. Rate Locks: On Your Loan Originator’s Advice Locking in your interest rate is an important step, but it’s not something to do lightly. Your Loan Originator will advise you on the timing, considering market conditions and your closing schedule. Rate locks are typically valid for 30–60 days. Beyond that, extensions may incur extra fees. 10 Things to Know If You’re Closing a Home Deal for the First Time 1. Final Walkthrough: Always schedule a walkthrough within 24 hours of closing. Ensure all agreed-upon repairs are completed, and the home is in the condition specified in your contract. 2. Title Search and Insurance: A title search ensures there are no liens or ownership disputes on the property. Title insurance protects you from future claims and is a one-time cost paid at closing. 3. Closing Disclosure (CD) e (CD): You’ll receive this document at least three business days before closing. It details your final loan terms, closing costs, and payments. Review it carefully and compare it to your Loan Estimate. 4. Bring the Right Documents: Pack your government-issued ID, proof of
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