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How to Avoid a Delayed Closing: 7 Common Roadblocks to Be Aware of

Redfin

“A seasoned mortgage broker will fully analyze your situation and application, anticipate any issues, and guide you through the process to a smooth closing,” says Trey Bolen at Lendid Home Loans. It’s also important that buyers come to closing prepared with all necessary closing documents and payment for closing costs.

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25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

HomeLight

In the case of mortgage wire fraud, scammers impersonate the title company and send fraudulent wiring instructions via email for buyers to wire their down payment and closing costs to. If that happens, your funds could go MIA just as you need them to close. Get it ASAP and look it over thoroughly.

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How to Buy a House without a Real Estate Agent, Just Like a Professional

HomeLight

If you’re applying for a mortgage, your lender will require an appraisal to determine the actual value of the home. Lenders will use the lower of the purchase price or appraised value when determining how much they will lend. Home sale contingency. Closing costs. Closing date.

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What You Need to Know If You’re Buying a Home from the Owner

HomeLight

At this stage, you’ll want to shop around and get preapproved by at least two different lenders to compare interest rates , closing costs , and terms. Working with a buyer’s agent when buying a home, whether it’s listed by a listing agent or listed as for sale by owner, offers a long list of benefits to the buyer.