Buying a home is usually the most important transaction a family will make in their lifetime. The escrow process that happens after you’ve had an offer accepted on a home could be very detailed and tedious. So I want to go over a list of things to “do” and “not do” while in the escrow process to ensure that your transaction will go smoothly, and close on time. Here we go:
* Keep in contact with your Realtor and Lender.They will keep you up to date on the escrow process.
* Forward recent bank statements and pay stubs to your lender when you get them.
* Expect further document requests from your lender. You may be required to provide further documentation or write letters of explanations during the escrow process.
Do Not –
* Don’t close any revolving accounts. It makes it look like you have less available credit. Pay accounts…
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