According to Wells Fargo Home Mortgage, there are five things that are guaranteed to produce for you a less than favorable real estate closing experience. 
1. Bank Statements - Make sure you have two months of full and complete statements, including documentation on large deposits and transfers. Any print outs must be signed and stamped by a bank teller.
2. Letters of Explanation - Letters of Explanation may be required on derogatory credit, inquiries, address variances, and gaps in employment.
3. Gift Letters - If you are receiving a gift toward the purchase of your home, make sure you have a gift letter, signed by both parties, ready. Included in the documentation should be your relationship to the donor, the donor's bank statement, and proof of transfer of funds to the borrower.
4. Title/Termite - Any title and terminate documentation must be provided two weeks prior to the closing date. Be sure the correct address is listed, and remember that sheds must be included on the termite report.
5. Contracts - There are a number of things to look out for on the contract to ensure that your closing does not get delayed. Make sure the contract is fully ratified and signed by all parties. Be sure that the contract includes an necessary addendums or home inspection items, and be sure that all pages are attached.
Are you looking to start the home buying process? Email us at concierge@lizmoore.com, we'd love to help! Or, click below to download our free Home Buyer's Handbook.
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