| Paperwork to Keep after Closing by Carla Hill At the end of closing, a large stack of papers sits in front of you. How do you know which ones to file away for future use? To make your job of sorting through the papers a little easier, here are a few "be sure to save" items. 1. Truth in Lending statement: This handy paperwork helps to summarize the details of your mortgage, including your percentage rate. 2. Insurance: Not only does it serve for proof of coverage, but just in the case you need to make a claim, you will have contact and coverage information on hand. 3. Deed: This paperwork proves that the property has "indeed" been transferred to your ownership. 4. Riders: These are sale contract changes (amendments) that affect you directly. 5. HUD-1 Settlement Statement: This is a great itemized list of your closing costs. It will be especially important for when it comes time to pay income taxes. Be sure to keep all of your paperwork in an organized filing system and in a fire-proof safe. For a more in-depth list of items to keep, be sure to ask your lender and real estate agent. |
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| J. Carter Breed, Realtor Candy Caulton, Executive Assistant Kristi Kauffman, Marketing Coordinator Owen Anglum, Realtor Lisa Jones, Realtor Julia Manfre, Realtor |
RE/MAX Memorial Town & Country 9821 Katy Frwy. #210 Houston, Texas 77024 Phone: 713-482-2222 Fax: 713-482-2285 Email: carter@jcarterbreed.com Web: www.jcarterbreed.com |