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From Contract to House Keys: Breaking Down the House Closing Process

HomeLight

The lender needs to do their due diligence on the property you’re buying, too. When you submit the application, be sure to ask your loan officer if the company needs any additional information or paperwork from you. Reputable lenders do due diligence before they give a preapproval letter,” Maggio says.

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25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

HomeLight

If you can’t secure new employment swiftly, you might be able to add a cosigner to your loan and count that person’s income toward your purchase. Talk to your agent and loan officer about these options. We do all the due diligence upfront,” he says. Problem: There’s an issue with the Closing Disclosure.

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