Guide to Refinance, Mortgage,
& Home Equity Loans in
Fayette, Kentucky (KY)

Fayette, KY, located near the Lexington area, offers a great real estate market for first time buyers. With favorable market conditions, house costs, and reasonable taxes, there are plenty of reasons to purchase a home here.

Once you have decided to purchase a home in Fayette, you will need to qualify for a mortgage that will cover the price of the home. This will allow you to make your purchase and pay back the amount over a long period of time. Applying for a mortgage can be a long process, so it is exciting when you reach the closing. However, that is when you want to make sure you are prepared.

When you arrive at your closing, there are certain things you need to have so that you are ready. You want to leave your closing with keys and a new home, so here are a few things you should bring in order to make sure everything goes well at your mortgage or refinance closing.

Bring your reading glasses

When you arrive at your mortgage closing, you are going to have a lot of paperwork in front of you. While you do not need to read every detail of each of the triplicate copies, you should make sure that you understand the function of each document. If you do not understand something, you should ask.

You can expect to be signing papers for quite a while, so make sure you are prepared. If you wear glasses, bring them. If you have anything that you use to help you read for long periods of time, bring it. This is your closing and it is important, so be ready to read.

Bring a check

As you entered into your mortgage or refinance process in Fayette, you were likely given a Good Faith Estimate. In fact, you may have gotten more than one. The idea of this estimate is to let you know how much you will be paying in closing costs. With that number in mind, you should bring a cashier’s check to the closing so that you can cover all costs and fees. Without it, your closing is not complete and you will not be leaving with your keys.

Bring identification

One of the first things you will likely need when you arrive at your mortgage or refinance closing is your ID. Someone will take it and photocopy it. This shows that you are who you say you are and that the papers are being signed by the person or people who are supposed to sign them. In this case, a driver’s license or state issued ID will likely work, but you may want to call ahead of time to make sure.

Talk to someone

Before you go to your closing, you know roughly what you will need to bring. However, you should talk to your mortgage professional and or your realtor to make sure you have everything you are going to need to finalize your home purchase or refinance.

As you can see, there are some basics that you can expect to need at your home loan, refinance, or home equity loan closing. To get started toward that closing, simply fill out the form below and you will be put in contact with a mortgage professional that can help you get started on your mortgage, refinance, or home equity loan in Fayette, KY.

Other Kentucky (KY) Guides to Refinance, Mortgage, and Home Equity Loans in Your City or Town:

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