PURCHASE

Two things you’ll want to do after you open escrow:

1) Transfer your Earnest Money Deposit to the Escrow Company – and they’ll provide you with instructions on how to do that.

The Earnest Money Deposit:
– is a portion of your funds for the purchase
– it lets the seller know you’re serious about making the purchase
– and you have 3 days to make the deposit to Escrow after your offer was accepted and you entered into the real estate contract with the seller

2) Sign your initial loan documents
– These are the initial disclosures the bank needs to provide and for you to sign before they can move your file to the next step in the process.
– They’ll show the current terms of your mortgage, and also include state and federal required disclosures.
– It’s important to sign these as soon as you can to keep your file moving forward to stay on your timeline with your contract.

Presented by: Jesse Haro – NMLS 2023964 | DRE 02134504