Keep Calm and Close Your Loan Quickly

Does the loan process have you stressed out? Do you feel like you are never going to close?

There are so many things that are out of your hands when you are purchasing a house and closing on a loan. Here are some tips from Peeples Lending to take control, be prepared, and close quickly!

At Peeples Lending our goal is to close in 30 days or less…no exceptions! We understand how stressful it is to purchase a home. There are many, many moving parts created by people and businesses, which are part of your team. Every time you turn around, someone will be asking you for something! We want to get you to that closing table and we want you to be wowed by our service and feel in control and happy throughout the entire process! 

•Follow the Peeples Lending Checklist. There is a sense of urgency at the beginning of the loan process, however if you prepare correctly, it will lead to a sense of calm at the end. Getting these documents together is not only the first step, but it is the building block for the entire loan and will allow for proper processing.  As you gather the information on the list, place it in a folder and highlight the item as completed. Once you have all of the items highlighted, take an additional 5 minutes to go through each item again and check it off.  Making sure you included all pages on tax returns and bank statements will save you a couple necessary trips to the fax machine, and possibly a week of being in process. Click here for the Peeples Lending tried and true checklist.

 

•Order the inspection ASAP! Don’t pop the champagne just yet…..as soon as you have an accepted offer call and order the inspection.  We work with great teams of people that we would be happy to refer you to.  We recommend doing this step so quickly because you want to know if the house has anything wrong with it that may be a deal breaker for you. You don’t want to pay for an appraisal if you do not move forward with the home.

•Honesty is the best policy J Do not withhold any information from your lender. If you communicate something that you think might be a problem, we can be proactively working on a solution for you.

•Stay in touch! Answer your phone and respond to emails/texts. Communication will simplify the process and maximize efficiency.

•Get your homeowners insurance in-line. Once you have the appraisal, give your insurance guy a call to put together a policy.

Purchasing a home is a huge, emotional and financial commitment. It can be very intimidating and stressful. We are all looking for that “AHA” moment of getting to the closing table. We hope that these tips will ease the stress for you and ensure you a speedy, on time closure, with no surprises!

The Peeples Lending team is committed to providing our clients with the highest quality financial services combined with the lowest rates available in your area.  Our ultimate goal is to create lasting relationships with each of our clients so that we may continue providing excellent service for many years to come.  We guarantee that you will be wowed by our efficient service and will close within 30 days!