The video discusses the importance of working with a good lender and having clear communication with them to ensure a smooth transaction. It emphasizes the need for buyers to review and understand the loan program well in advance of the closing day to avoid surprises. The settlement statement and closing disclosure are important documents that buyers should review thoroughly. The video also mentions that buyers should not focus solely on the interest rate and should consider other factors, such as service and commitment, when choosing a lender.
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Who schedules the real estate closing
The video discusses who typically schedules the closing for a real estate transaction and what factors impact the timeline. While any party involved in the transaction can suggest a closing date, the buyer's lender often drives the timeline due to federal regulations requiring a minimum review period for documents.
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What should a buyer expect at a real estate closing
Buyers have a lot to do at a closing, including reviewing all documents provided by the lender, understanding the terms of the settlement statement, ensuring that the property is ready for closing and more.
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Seller and buyer responsibilities in a real estate transaction
If you're in the process of buying or selling a home, it's important to understand the different requirements that need to be met by both parties before the closing date.
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