Whether you are looking to secure a lower interest rate, secure more favorable loan terms or cash out the equity from your home, you can trust that McManamy Jackson has the experience and resources to provide you and your lender with the most professional and efficient closing experience in the industry today.
Our goal is to educate and give our clients the information needed in advance of closing so they can enjoy a stress free refinance. Knowing the closing process and our Guide to a Successful REFI can help borrowers obtain that goal with ease.
Once you and your lender have decided that refinancing is right for you, be sure to let your lender know you want to close with a law firm that has a proven record in the industry, such as McManamy Jackson.
Now that you have selected your lender and closing attorney, the two will begin to coordinate with each other to ensure your needs and expectations are met. You are going to begin to hear terms such as pre-closing, closing and post-closing. What does it all mean for you? These terms are used by our office to describe the stage in which the closing file is currently in. Let's briefly break them down.
This is the initial stage in which a closing file is received in our office, assigned to a team of paralegals and the process of information gathering begins. In a refinance, this process usually begins with the lender sending the closing attorney a Request for Title.
Pre-closing paralegals are responsible for:
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The second stage of the process is closing. Once the majority of the necessary information is obtained from the borrower and lender, closing paralegals are tasked with the following:
The final stage of the process is post-closing. Once the closing attorney has met with all parties and the documents have been fully executed, the file will be given to the post-closing department. Post-closing paralegals will help ensure all terms of the closing have been satisfied before the final closing of the file. Post-closing tasks include:
Choose a Trusted Lender that Best Meets your Needs:
Prepare for Closing:
In Advance of Closing:
○ Lender Name
○ Telephone Number
○ Account Number
○ Account Holder's Social Security Number
○ For any unsecured loans being paid at closing (credit cards, personal loans, etc.) a
copy of the most recent billing statement is required for proper submitting of the
What to Bring to Closing:
○ 1st Form - a government-issued ID with a photo (Driver's License, Passport, Military ID,
○ 2nd form - no picture required (Insurance Card, Work ID, Social Security Card)
***credit or debit cards cannot be accepted.
NOTE: When refinancing your primary residence, under federal regulations there is a 3 day
right of cancellation which means the closing does not take effect until the 3 day period has
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