Selection of a Closing Date

The coordination of your closing is the phase of your home purchase where Partnership really makes a difference! Your American United Lending Partner will keep your real estate agent, attorney, seller's attorney, and home inspectors focused on the timing and completion of your title search, inspections, and all issues that must be settled before you can proceed to closing. American United's closing team is working to safe-guard your mortgage commitment by ensuring that your closing takes place as scheduled, before your rate lock expires and your mortgage commitment runs out. This means that your Lending Partner is in constant contact with your attorney ensuring that the title search is ordered, that liens are cleared, and judgments are removed. Your Lending Partner follows up with your home inspector so termite issues won't delay your closing. And as a team, your American United Lending Partner and real estate agent interface with the seller's attorney to make sure your contract closing date is being honored.

American United's all-star professional home buying team is experienced in coordinating the many details that must flow together to ensure a smooth closing. Without experienced follow-up your closing may result in delays, additional costs, and possibly the loss of your home purchase.

Schedule Your Final Inspection

Your realtor will remind you to schedule your final walk through. This is your opportunity to make sure the seller made all necessary repairs noted in the sales contract and that the home is ready for you to take ownership.

Tax Considerations

If you are purchasing at the end of the year, you may want to schedule your closing for January, to move the tax savings to the next year. You will want to discuss this with your tax advisor or accountant.

The Closing Costs

Your American United Lending Partner already gave you a Good-Faith Estimate of your closing costs when you applied, so you already have a good idea of closing expenses. In addition, prior to your closing, your Lending Partner will review each actual cost with you verses the estimate you received at application. Remember, 99% of all the closing charges are not coming from your lender. 

Closing Costs are prepared on an itemized government document issued by the U.S. Department of Housing and Urban Development, called the HUD-1, which your American United Partner will explain and review with you prior to closing.  In most cases, the difference between the initial estimate and actual costs are minimal. And since your Partner has been working closely with you, you will be aware of all changes affecting your closing. Keep in mind that your American United Lending Partner can help you structure your purchase in a way you can significantly reduce your out-of-pocket closing costs!!

With American United taking you through the final steps of your home purchase, you will have an all-star team of professionals attending to these closing details and many others! American United’s "Step by Step" Home Buying Process has guided you home in five easy steps! Congratulations and all the best to you in your new home!

Recap:

Step by Step Recap:

Step 1:  Interview and form a partnership with a Lender and an Attorney. American United welcomes the opportunity to become your lending partner for life;

Step 2:  Obtain a Full Approval and not simply a pre-approval. After obtaining a Full Approval, carefully interview and select a real estate professional to assist you with your home search. Ask your American United lending professional for recommended real estate agents in your area;

Step 3:  Learn about the area or areas you are interested in purchasing your new home;

Step 4:  Have your home buying team help you prepare your offer. 

Step 5:  Your Closing – the final step.

Contact Us today at 1-800-555-2035 and let a local American United lending representative guide you step by step through your new purchase.