Loan Closing checklist, home loan lender, Carmel, Indiana

MORTGAGE 101

Buyer's Guide

• Six Steps

• Closing the Mortgage

• Lending Process

• Rates, Points, APR

• Application Checklist

Buyer's Guide:

What to bring to your Loan Closing

Here's what you will need to bring to your loan closing:

Certified Funds

At closing you will be required to have Certified Funds (a cashier's check). Make the funds payable to yourself. You will then endorse those funds to your Homeland Capital Mortgage approved closing agent.

Hazard (Homeowner's) Insurance Policy

Bring to closing the original policy along with a paid receipt and/or the bill for the 1st year's premium. The minimum dwelling coverage must be for an amount equal to your new loan balance. An insurance binder WILL NOT be acceptable. For condominiums, hazard insurance is not required.

Termite Inspection Report

A termite inspection report dated within 30 days prior to your loan closing will be required. The report must state that the property is free and clear of infestation from all wood destroying insects. (The responsibility of ordering and supplying this inspection report depends upon the state in which your property is located. Please check with your real estate agent or Homeland Capital Mortgage Consultant for details.)

Picture I.D.

Please bring picture identification to the closing; i.e. driver's license, passport, resident alien card, etc.

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