Washington State Mortgages, Made Clear. Buying or Refinancing? Let's find the right loan together.
Your signing appointment is one of the final steps before you get the keys to your new home — or before your refinance closes. Knowing what to expect and what to bring makes the process smoother for everyone involved, including the escrow officer, your lender, and you.
Here’s a practical checklist I share with my clients before their signing appointment, along with a few tips from my background of managing an escrow branch prior to my career in mortgage.
I am often asked this question during a refinance from homeowners.
Your mortgage payment is paid in arrears. For example, your February payment is paying January’s interest. Remember when you bought or refinanced your home and the loan originator stated, “you’re going to skip one month’s payment” or “you won’t have another payment due until the following month after closing”? Well, this is where that payment essentially catches up with you. (Technically, it’s not “that” payment, you’re just always paying the previous month’s interest).
