Sean’s Blog

Now that everyone has agreed on the major terms you are pretty well on the way to owning a home.  What you need to do now is get ahold of your lender with the final terms and price and sign the paperwork. Your lender will be able to explain pretty much everything.  Some of the things will be confusing.  I’ve had to take ALOT of math, and my head was spinning with numbers when she finished going through everything.  If there is some part of what she was talking about that you do not understand, have the lender go over it again.  This is one of the most important documents you will ever sign, so take the time to really get to know it.
After everything is signed you will be given a list of documents needed for the lender to finalize the loan (if you haven’t provided them already).  For me these included things like bank statments, investment statements (401(k), etc), several years worth of W-2, etc..
They will then schedule an appraisal (which they will let you know the outcome of after it happens) and provide you with wat you need to bring to closing.  You will also need to get insurance and schedule a house inspection.