If all goes well, I will close on a lovely townhome on this Friday at 10AM. :-)
I have a 100% LTV 30 year conventional , no PMI, no discount points, fixed at 6.5%. Origination fee of .625% and total estimated closing costs of $2965. My contribution toward closing is $400. No reserves required but I will have 2 months of mortgage payments (PITI) at closing saved in the bank. I financed the majority of the closing costs (sans the $400) and still came in $4500 below equity. The home is in perfect condition, was a showcase home with the largest realty company in the city, with the home inspector telling me that it's repair list was the shortest he had ever done (there was only one repair needed). This home was well taken care of.
My middle credit score was 699.
I could NOT have done this without all of you old timers. Marie, Saar, Breeze, LKH, Roni, Sam, Randy, Dogman, Lizardking, mj, keepmine, GEORGE, Ron, Steve, ALL of you who posted your credit repair efforts, trick FICO efforts, and credit card negotiation skills. I am glad to be in such company.
Special thanks to Marie and Saar, both of whom taught us well how to maximize the accounts we had. I have had fun competing with you guys for the best credit card terms and, yes, I'm still chasing that masked Great Redeemer...
Anyway, my question....
I called my real estate attorney's office to ask for an advance copy of the HUD-1 settlement statement, so that I could double check the figures and GFE agreements. They told me that they'd be glad to give me a copy of that (obviously, it's the law, lol!) but that they would NOT give me copies of the documents that I will actually sign at closing.
I hear that it takes about 45 minutes to sign them. So what exactly am I signing, for people who have done this before?
What should I look out for on closing day?