608-314-1181
608-290-3663
What to keep from your closing
The Real Estate Settlement Procedures Act (RESPA) statement. This form, sometimes called a HUD 1 statement, itemizes all the costs associated with the closing. You’ll need this form for income tax purposes and when you sell the home.
The Truth in Lending Statement summarizes the terms of your mortgage loan.
The mortgage and the note (two pieces of paper) spell out the legal terms of your mortgage obligation and the agreed-upon repayment terms.
The deed transfers ownership of the property to you.
Affidavits swearing to various statements by either party. For example, the sellers will often sign an affidavit stating that they have not incurred any liens on the property.
Riders are amendments to the sales contract that affect your rights. For example, if you buy a condominium, you may have a rider outline the condo association’s rules and restrictions.
Insurance policies provide a record and proof of your coverage.
10 steps to prepare for home ownership
10 tips for first time home buyers
5 factors that determine your credit score
7 tips on buying in a tight market
What to keep from your closing
Choices that will effect your loan
10 things to take the trauma out of home buying
7 reasons to own your own home
10 things a lender needs from you
10 questions to ask your lender
10 questions to ask a home inspector
