Homebuyer 101: What to Expect on Closing Day
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8 ай бұрынIt’s the most magical day ever!! Or is It?? Let’s discuss and get real about what to expect on closing day
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Licensing info: Jennifer Beeston, SVP Mortgage Lending NMLS 247743 at Guaranteed Rate, Inc. NMLS 2611 Branch Address: 1750 N University Drive, Coral Springs, Florida, 33071 Equal Housing Lender
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@daveblackman816 8 ай бұрын
Expect an hour of paperwork at least. Make sure to read over every document and take your time
@benyosep5640 Ай бұрын
You would be there all day. Just pay your mortgage, you will be ok.
@CarmineTavernaPhotography 9 күн бұрын
🎉🎉 I received a $325. Home Depot gift card at closing..very useful 🎉🎉
@user-ex3pm5zv8f 3 ай бұрын
I’d definitely like a giant key on the day we close! 😂
@leens4190 8 ай бұрын
Paaaaperwork! 🤣 But also, hopefully, a lovely hug from your realtor and the KEYS!!! 🎉🍾
@mrchris552 8 ай бұрын
My closing day was very interesting. Seller was so late because she waited til the last minute to get everything out of my house, had plenty of time to pay wire everything an even read a few documents, an recall all the credits (money) she promised for the repairs needed. There is an advantage to dealing with unorganized people.
@jackyg3857 8 ай бұрын
Hi Jen, this video came out at the right time I’m closing on my first home tomorrow 😊
@eddieslittlestack7919 8 ай бұрын
Congratulations!
@snackman2005 12 күн бұрын
This is a timely video. We are closing (selling) our house in Florida tomorrow morning. We live in Georgia. Came in for the closing. I hope it is anti climatic. It’s been a pretty smooth process. Just a long process. And will be glad when it is finally over.
@ash5433 8 ай бұрын
Great advice on verifying by phone to prevent wire scams, thank you!!!!
@JenniferBeeston 8 ай бұрын
Thank you!
@rogerbober8916 8 ай бұрын
Most exciting for the realtor's commission. I was just glad to get it over with.
@JenniferBeeston 8 ай бұрын
lol I definitely want it over when I buy. I just want it over so I can nest and be done
@omonukpoma7892 2 ай бұрын
Excellent video and I love her enthusiasm…. Exciting moment indeed 🎉🎉
@JenniferBeeston 2 ай бұрын
:)
@khadijahdavis1572 2 ай бұрын
Agreed, she's awesome
@donniefolmar6393 5 ай бұрын
Great video, closing in about a month,first time,this is the most informative video I have seen so far,Thanks !
@JenniferBeeston 5 ай бұрын
Glad it was helpful!
@khadijahdavis1572 2 ай бұрын
Same here
@TheItachai 8 ай бұрын
I have been looking forward for this house and having fun during the process. At closing I felt cheated I was expecting champagne showers 😂
@zone7permaculture587 4 ай бұрын
Relax take a pic 😅
@alexandraadams2070 Ай бұрын
I'm glad it is anti-climatic!! My closing is in a couple weeks and I'm just glad it's almost over, lol! I'm moving from California to Georgia, first time home buyer, all by myself and it's been crazy. My finances are all great but so much paperwork, good grief!!! And I haven't even closed yet! I was only expecting a bunch of paperwork at the closing but I've already read and signed a whole heap of stuff. I'm sick to death of it, lol!! I'm flying down to sign in person too and a week before, flying down for the walk through so lots of air miles to be used later. I was actually looking online to see if I could find the closing documents ahead of time to read because I want to read everything. Hoping there was like a general pile of documents that all buyers have to sign with verbiage every pack has so I could read it ahead of time and then just sign when I get there, They should have that, lol! Oh well, I'll just take extra b-vitamins or something for that day,
@angelarias8366 8 ай бұрын
Great video Jen 👍, watched all your appraisal videos and was nervous about my appraisal because I put a 10k gap, house appraised 19k over and closing Nov 24 Thanks for all the great content
@JenniferBeeston 8 ай бұрын
Happy to help! Glad your appraisal came in high. Thats awesome!
@khadijahdavis1572 2 ай бұрын
I appreciate this video, i am awaiting closing day, I'm so nervous that something is gonna happen, I'm a 1st time homeowner, and have been very very careful in managing my finances during this process, i swear I've been afraid to buy groceries 😫, because I've heard of ppl loans falling through right before closing
@JenniferBeeston 2 ай бұрын
You got this, just don’t make any huge purchases like buy a car. You should be able to buy groceries. If you’re concerned about it, just ask your lender what your debt to income is and cash to close and if they have any concerns.
@khadijahdavis1572 2 ай бұрын
@@JenniferBeeston thank you, love your vids, 😊, alot of times you guys don't really kno how valuable your vids are to the world, I'm here to attest, that you guys are very much appreciated plz don't stop making these vids, ppl are actively searching for this content, this is what i love about KZfaq, ppl like you 😊, you are very much appreciated my beautiful sister
@JenniferBeeston 2 ай бұрын
❤️❤️❤️ appreciate you
@MoniqueLewis69 Ай бұрын
Same here..I’m nervous too. However, I’ve found this video to be more detailed than the other videos I viewed. Some sense of relief in some way lol
@khadijahdavis1572 Ай бұрын
@MoniqueLewis69 I agree, I wish you all ths best and a huge congratulations on your new home, you goy this sis
@Beautiful2Mee Ай бұрын
Thank you so much for this! I close tomorrow!!
@JenniferBeeston Ай бұрын
That is very exciting. Congratulations and enjoy your special day tomorrow and take lots of pictures even if you feel silly doing it you will appreciate it down the line.
@RABPWarrior Ай бұрын
You’re making me cry
@user-hd2bk9kc9v 8 ай бұрын
It sounds good 🗝 😊
@user-hd2bk9kc9v 8 ай бұрын
Hi again zondreia Barringer Hutchinson I bee having trouble login to account
@alexpress5375 5 ай бұрын
I am closing in a few hours...l really appreciate leave of detail in this video. I am that crazy person that has to read everything because i trust no one and i have been finding small errors throughout the process. Thank you so much I feel prepared for today! 🤞❤
@JenniferBeeston 5 ай бұрын
Glad it was helpful!
@alexpress5375 5 ай бұрын
@@JenniferBeeston I am now a homeowner and you were right very anticlimactic but I did get a picture withy realtor and the title company guy. Thanks for the advice! ❤️
@bernardjulio1882 3 ай бұрын
Very well explained. You have pointed out very good details and great information. Thanks once again!!!
@russlea6383 8 ай бұрын
My closing day was bittersweet because my lender told me just 72 hours beforehand that I would have to maintain my $80k income in order to be given a conditional approval, because I didn't know where I would be working once I moved in. So I kept my income for the next year to pay off the house and then moved in. Then I found you while searching for the reason why they didn't tell me that 3 months earlier when I applied.
@321Virginia 5 ай бұрын
Why didn’t they tell you 3 months earlier??
@russlea6383 5 ай бұрын
Because Jennifer wasn't my lender.@@321Virginia
@tonilott8862 8 ай бұрын
Is the process that same with a new construction ? We close in December and I’m excited and nervous at the time!
@kw7796 3 ай бұрын
Take a picture with everyone doing fun pose (yeah...cheer) and post if on your page for PR.
@rosafus12 8 ай бұрын
I've always wondered, what are the two states you are not a lender in? BTW, I LOVE your videos!! Helped me so much when I bought my first house 3 years ago. Locked in at 3.25%
@JenniferBeeston 8 ай бұрын
I am so glad they helped. Rhode Island and Utah. Rhode Island is a very expensive license every year for the size of the state and Utah requires a ridiculous amount of redundant education so I’m on strike.
@michellerenshaw3058 6 ай бұрын
As an Utah REALTOR who works with GRA regularly,@@JenniferBeeston I wish you DID!
@RABPWarrior Ай бұрын
Plan a celebratory meal with friends or family and wear a crown from Burger King
@cathymankin4340 8 ай бұрын
Yes! A large key. Lol.
@JenniferBeeston 8 ай бұрын
🔑 ❤️🏡🎉
@TheItachai 8 ай бұрын
Send the key and Ill use it!
@MysteryExodus 7 ай бұрын
Hi Jen. How are first time homebuyers affording homes right now ? My husband and I live in a medium-low cost of living part of the country and everything feels so out of reach. The median household income in our area is below ours and we still can’t seem to do it.
@airbud3 5 ай бұрын
I thought the same I’m 31 saved up 100,000 in 4 years and about to buy in a couple days never thought I would make it this far. Thanks to Dave Ramsey
@davidmacgown321 3 ай бұрын
As a seller, if a bank wire transfer is initiated on a Friday - when would the funds show up in my account?
@JenniferBeeston 3 ай бұрын
Generally Friday, Monday at the latest.
@arkmen1021 8 ай бұрын
Thanks for the suggestions 🫡
@earlthomas7464 8 ай бұрын
I plan on applying for a mortgage next summer, if interest rates are still high can I refinance (when rates come down) without adding another 30 years to my mortgage?
@JenniferBeeston 8 ай бұрын
It starts the time frame over but does not add 30 years.
@ibillyduncan3512 5 ай бұрын
I close in a couple of days, and not sure if i have all the cash needed to close. If i am short cash can i pay some of the fees with a credit. If not, what can be paid with credit card and what can not?? Help !!
@JenniferBeeston 5 ай бұрын
Generally, you could pay for like the appraisal or any inspections with a credit card. I would chat with your loan officer generally, if you’re gonna be short cash to close, they will be pretty aware by now.
@cathymankin4340 8 ай бұрын
Uh oh. Our closing day is late afternoon, and on a Friday. Ugh.
@JenniferBeeston 8 ай бұрын
You got this;)
@WhengGee 8 ай бұрын
Does this affect my Lock in rate, because my closing day is gonna be my last day on my lock in rate.
@JenniferBeeston 8 ай бұрын
If your rate is goof through then you will be good:)
@kfergus3662 13 күн бұрын
The buyer said he is paying closing cost..Ohio
@MOBU76 3 ай бұрын
What day of the week is the worst to close?
@JenniferBeeston 3 ай бұрын
Generally, Monday or friday.
@harekzigzagon376 3 ай бұрын
@@JenniferBeestonwhy is that?
@JenniferBeeston 2 ай бұрын
Because for a Monday closing everything has to be out Friday which is a busy day as there are so many closings on Friday. Friday I don't love because if anything goes wrong you are pushed till Monday instead of the next day
@RABPWarrior Ай бұрын
😢
@macey8578 8 ай бұрын
Is guaranteed rate considered an online lender?
@JenniferBeeston 8 ай бұрын
No we are actually one of the largest retail lenders in America with the most top loan officers. We do have a call center as well but it is very small and not the focus of the business.
@macey8578 8 ай бұрын
Thanks Jenn! 😁
@kw7796 3 ай бұрын
You reminds me of LARRY DAVID'S TV WIFE. : )
@RABPWarrior Ай бұрын
Noooo to ornamental keys 😂
@JenniferBeeston Ай бұрын
It’s tragic agreed
@dembeesandgaa8008 3 ай бұрын
This video could've been 5 minutes. Rest is just her repeating and presenting too many examples
@JenniferBeeston 3 ай бұрын
There are lots of other channels. Enjoy your search!:)
@neelafung8787 3 ай бұрын
As a first time home buyer I appreciate the additional examples!
@JenniferBeeston 2 ай бұрын
Thank you:)
@Cookie-mv4li Ай бұрын
People are too sensitive nowadays people need to grow a pair of balls and stop crying
@tucoramirez9729 2 ай бұрын
Closed 8 months ago ,the entire closing consisted of me meeting my lawyer for first time in his office,,I signed/initialed a ton of documents and hand over a check for 33,000 that was it. Took an hour, broker left keys for me in mailbox of my new home, no big deal
@JenniferBeeston 2 ай бұрын
Nice congrats on your new home;)
@tucoramirez9729 2 ай бұрын
@@JenniferBeeston Thankyou
@tjlivejaxkson231 Ай бұрын
Well..I was just told I will be let go the same day closing scheduled.... not sure what gonna happen
@tucoramirez9729 Ай бұрын
@@tjlivejaxkson231 sorry to hear that
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