Here at The Ross Group Inc. we really do our best to keep you “in the know”. Which means we try to answer all your mortgage questions to the best of our ability so that it will help you now, and in the future, to conquer whatever mortgage issues you run into. Not that we…
Whose John Hancock? Keep your signature consistent throughout the loan process so as not to create any discrepancies on all the signed documents. Sign the documents exactly the way they have your name is printed (Todd A. Ross, not Todd Ross). This should also match the signature on your ID which you used to identify…
Renew You The notary who will be assisting you with signing loan documents will require a copy of your valid state issued drivers license or other state or federally issued photo identification. Make sure it is not expired. Otherwise, get it updated now. Not sure if your identification can be used? In order for a California notary…
Bullet Proof Your Vesting How you hold vesting in your property determines who has rights to your property. The loan documents and the deed of trust will display your vesting. Consult with a Real Estate attorney for your options on vesting. You will need to provide a copy of your trust if you are opting…
Understand Before You Commit It is very important you understand what you are signing before you meet with the notary at the closing table. You should be provided with a copy of the mortgage note, closing statement, and deed of trust from your loan officer to review before your closing appointment.
Show Me The Money The bank will require a thorough explanation of how your money ended up in your account. Keep a record of all deposits to your bank accounts that are not the result of a direct deposit from payroll, social security, or other income. Transfers to your bank accounts from your other accounts…
Delay The Cruise Until You Close When possible, hold the celebratory vacation until after you close escrow. It’s easy to overlook where you’ll be when the time to sign the loan package comes. It’s crucial you can be reached, that you have a pen and notary ready, or major delays and fees could happen. Please…
No New Credit The first step in securing a new mortgage is to have your credit run by the bank. The bank will re-check your credit the day your loan is set to close. Should any new inquiries or new credit appear, the bank will require an explanation, and it may hold up the closing…