Main Content

Golf Club near North Carolina
River in North Carolina
Wonderful Spring View of North Carolina
North Carolina Mountain Top Rock
Banner Elk North Carolina’s Blue Ridge Mountains
North Carolina green way
Advanced Search

Home » Financing Options » Funding

Funding

The Signing

When the lender is ready to “close” your loan, or “fund” it, your real estate agent and your mortgage broker will have you sign the final loan documents. Signing will typically take place in front of a notary or an escrow officer. Ask your mortgage broker if there is anything you need to do to prepare for this, such as bringing a photo ID or perhaps a cashiers’ check if you are purchasing real estate. Allow yourself enough time to review the documents for accuracy.

If funds are being wired: “Wiring instructions” direct the electronic transfer of money between financial companies. If possible, arrange to have the wiring instructions in place ahead of time and checked for accuracy by both the sender and recipient of the wire. It is critical that these instructions be exact, and even so, delays are all too common.

Congratulations!

Your mortgage broker will probably call you to confirm that the money has been transferred and the loan has closed. Always follow up with a phone call to confirm that your loan funds went where they were supposed to go. It is a good idea to keep records of this critical phase of the transaction once completed.

A Little Something About Us

About Image
It is with great pleasure that Douglas welcomes you to North Carolina, and to his website.

With over thirty years of experience in real estate, Doug has had a varied career in virtually all aspects of the real estate industry. He spent the first 25 years working in the Commercial, Industrial and investment sector while running his own company in Michigan.

[read more...]
Mountain West Real Estate LLC | Live the Difference main Sotheby Homes
Logo Badges