Resources

Lock in rate and loan terms and understand the time limit before terms expire.

Satisfy all underwriter conditions including the timely return of all requested items and be prepared with tax returns, pay stubs, bank statements, employment history, etc.

Once your application has been submitted, do not make any large purchases or apply for any new loans or credit cards. Changes to your financial situation prior to closing could delay closing and put you at risk of failing the underwriting process.

Upon selecting your provider, be sure to forward proof of coverage and invoice to the lender and closing attorney’s office ASAP!

Confirm with your agent or lender if a policy of flood insurance is required*

*Although a flood policy may not be required, MJH strongly recommends obtaining one due to our geographical location on the coast

When does your rate lock expire?

How long is your due diligence period for inspections?

When does the contract expire in the event there is a delay
in closing?

Ensure there are no outstanding items necessary for closing that could cause a delay.

Review your loan estimate – Be prepared to bring appropriate funds for closing if necessary.

Confirm the closing package is being prepared by the lender and sent to the closing attorney.

Review your final Closing Disclosure.

Make final arrangements to obtain funds needed for closing.

Ensure the property is in the same condition as it was when you went under contract.

Verify the completion of any repairs or items that were to be addressed during the inspection period

Arrange the transfer of house keys, gate keys, garage door openers, etc. with the seller or agent.

Be sure to update your mailing address with the USPS, family & friends as well as financial institutions and other bills.

Transfer utilities, cable/internet services, etc. in your name to avoid disruption of services.

Prepare for the home inspection and be sure all utilities are on

Review the terms of the contract and schedule any repairs that were included – all repairs should be completed and approved by the buyer prior to closing

Gather contact information regarding any HOA, current mortgages, and/or equity lines of credit.

Provide all applicable information to the closing attorney’s office, such as contact information for the HOA or mortgage companies and any lines of credit.

Be sure to provide your forwarding contact information in order to receive documents and funds from closing.

Complet your W-9 and upload it to the MJH PORTAL.

Sellers will be provided at closing with a signed copy of the Settlement Statement.

Fully executed documents will be sent via secure email once all closing conditions have been met.

Any proceeds due to the seller will be released upon satisfaction of all funding requirements.