Mortgage Questions

[brenda]

That's excellent, 89th! Good job!

[Friday]

Make sure you get a comfortable pen to write with. You will be signing/initialing a lot of papers.

[Mik]

That's an outstanding 30 year rate. Well done.

[George K]

@mik said in Mortgage Questions:

That's an outstanding 30 year rate. Well done.

Indeed. Now do this: Make one extra payment per year and your 30 year mortgage becomes an 18 year mortgage.

[Mik]

And make it as early in the mortgage year as you can.

[Jolly]

@friday said in Mortgage Questions:

Make sure you get a comfortable pen to write with. You will be signing/initialing a lot of papers.

Amen.

[George K]

And make each signature look just a bit different.

Plausible deniability, etc....

[89th]

@george-k said in Mortgage Questions:

And make each signature look just a bit different.

Plausible deniability, etc....

LOL!

[89th]

@friday said in Mortgage Questions:

Make sure you get a comfortable pen to write with. You will be signing/initialing a lot of papers.

At closing? Maybe! But what's been funny so far... the entire process has used electronic signatures and initials. Realtor, purchase agreements, loan estimates, etc. ALL electronic. Way different than in 2009 when I bought my condo...where it took a billion signatures/initials!

[Axtremus]

Real-estate brokerages may be fine with digital signatures, but state laws may still require real signatures signed in the presence of a public notary when it comes to deeds and liens. The paperwork you sign at closing is oriented towards formalizing who holds the deed and the lien.

Expect to get paper copies of things you sign, and be sure to keep the paper copies with original signatures.

Good luck!