How to prepare for a refinance closing

Once you have made the decision to refinance your home, you'll want your transaction to progress as smoothly and efficiently as possible. In an effort to avoid potential problems and delays, consider the following points. Check with your closing agent to determine which ones apply to you.

• Before the closing, contact your lender regarding any requirements that must be satisfied PRIOR to closing.
   
• Provide Realty Title with your current driver's license or other government issued identification. Also provide lien payoff information on existing mortgage(s), so that we may obtain a current payoff letter(s).
   
• If you are going to be paying off credit card balances at the closing, the most current statements must be brought to the closing.
   
• Provide your lender with an original homeowner's insurance policy prior to the closing, along with a paid receipt for the first year's premium. If you're refinancing a condo, bring a Certificate of Insurance instead. A Certificate of Insurance can be obtained from your condo association or property management company.
   
• If your property is a condo, provide Realty Title with an assessment letter from your condo association or property management company to the closing.
   
• Bring a cashier's check to the closing for the amounts you must pay, not a personal check.
   
• If you are refinancing your principal residence, federal law allows you to cancel the transaction within three days of signing the documents. Therefore no money will be disbursed until such time period has lapsed.