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Closing on a home is a big deal. You've been with your agent and lender each step of the way, but make sure you end on a high note. Here are three simple ways you can make the closing process easier.
Double-check the property
Sellers should be proactive in dealing with any repairs agreed on. However, as the buyer, you should walk through the home yourself to make sure there aren't any issues that need to be addressed. Consider bringing in professional appraisers, inspectors and surveyors to comb through the home and re-confirm property line. Otherwise, if you find issues after the close, they become your problem.
Check in a day or two before
You may have a lot to juggle. But it is worth your time to check in with your agent and lender regularly throughout the process — and especially when closing day is just a couple days away — to make sure your questions or concerns are answered and to confirm that you all have the information you need. This will not only prevent costly mistakes, delays or a mad scramble to gather all the document you need, but it will also give you peace of mind and confidence as you move forward with the closing.
Go digital
A great way to simplify the closing process is to use a trusted e-mortgage system offered only at RANLife. While most industries are moving to digital, the lending field has been slow to adopt e-friendly practices. That means making this one change could be a huge difference in the home buying process. RANLife is the first in Utah (and among the first in the nation) to bring this option to you, helping you stay ahead of the curve.
According to a VirPack Mortgage Origination Loan File Statistics Report, the majority of loan documents in 2013 contained over 500 pages. That's a lot of paperwork for the lending agent, buyer and seller to review and agree on. But with an e-mortgage, closing on a home is much simpler. The game-changing e-mortgages streamline the settlement process by organizing all the paperwork in one place and making it easy for each party to review, sign and record files. RANLife is among the first mortgage bankers allowing the actual Note and Deed of Trust to be signed digitally.
This means less hassle for you, giving you ample time to review the closing agreement, sign the papers quickly online and keep a secure digital record of the contract without fear of misplacing the paperwork.
