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  • 5 THINGS NOT TO DO DURING THE CLOSING PROCESS

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    March 08, 2018
    We understand that by keeping you informed and helping you prepare for the closing day, the more likely you will have a stress- free closing experience. Our courteous and professional staff is proactive in their communication and works diligently to ensure the orderly and efficient transfer of real estate...and we do it with a level of service and friendliness that is hard to beat in this industry.

    1 CHANGE YOUR MARITAL STATUS:
    How you hold title is affected by your marital status. Be sure to make both your lender and the title company aware of any changes in your marital status so that documents can be prepared correctly.

    2 CHANGE JOBS:
    A job change may result in your loan being denied, particularly if you are taking a lower-paying position or moving into a different field. Don’t think you’re safe because you’ve received approval earlier in the process, as the lender may call your employer to re-verify your employment just prior to funding the loan.

    3 SWITCH BANKS OR MOVE YOUR MONEY TO ANOTHER INSTITUTION:
    After the lender has verified your funds at one or more institutions, the money should remain there until needed for the purchase.

    4 PAYING OFF EXISTING ACCOUNTS UNLESS YOUR LENDER REQUESTS IT:
    If your Loan Officer advises you to pay off certain bills in order to qualify for the loan, follow that advice. Otherwise, leave your accounts as they are until your escrow closes.

    5 MAKE ANY LARGE PURCHASES:
    A major purchase that requires a withdrawal from your verified funds or increases your debt can result in your not qualifying for the loan. A lender may check your credit or re-verify funds at the last minute, so avoid purchases that could impact your loan approval.

    First Title Agency, Inc.
    Luis A. Sanchez
    Business Development
    11085 Montgomery Rd. Ste. 250 
    Montgomery, OH 45249
    C: 513-378-7237
    lsanchez@firsttitle.com