homeowner’s insurance, and a cashier’s check or wire transfer confirmation for your closing costs and down payment. 5. Understand the Closing Costs: These typically range from 2–5% of the purchase price and cover fees like lender charges, taxes, and title services. Your Loan Originator should provide a detailed breakdown. 6. Prepayment Flexibility: If your loan allows for prepayment without penalties, consider paying extra toward the principal each month to save thousands in interest over the life of the loan. 7. Avoid Delays: Turn in all required paperwork promptly. Delays can result in extra costs or, worse, the seller pulling out of the deal. 8. Set a Strategic Closing Date: Avoid the end of the month if possible—it’s a busy time for lenders and title companies. Closing mid-month can smooth out scheduling and costs. 9. Who Attends the Closing? In New Hampshire, the closing typically involves the buyer, seller, real estate agents, a closing attorney, and representatives from the title company and lender. 10. Ask Questions: Don’t sign anything you don’t understand. Your closing team is there to ensure you’re comfortable with every document. After Closing: Welcome Home! Once the documents are signed and the funds are transferred, you’ll receive the keys to your new home. It’s time to celebrate (and start moving in).
Owning a home is a big responsibility, but it’s also one of life’s
54
Powered by FlippingBook