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Written by Tamara Schmitt
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Thursday, 24 November 2005 |
Most loan closings can take from 2-4 weeks so take this into account when planning the big move. The broker/lender will walk you through your loan process, requesting needed documents and ordering the appraisal for clear to close. (See items below for typical needed docs.)
The quicker you get the required docs to the broker/lender, the quicker the total process. Purchases fund on the day of closing, as opposed to refinances, which fund 3 days after closing. With this final step, you have become a new home owner and can take advantage of great tax benefits. Enjoy your new home! |
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Last Updated ( Wednesday, 23 August 2006 )
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