You’ve found the new home of your dreams and you’re ready to close! Before you go to closing, plan ahead so that you’re better prepared. To ensure that the process goes as smoothly as possible, below are some things to think about beforehand:
Decide how you want the tenancy to be listed on your new home.
Did you know that your decision could affect your tax return? The following options are available, consider what is best for you:
- Tenants by the Entirety
- Tenants in Common
- Joint Tenants
- Sole Owner
Consider how your closing date will affect the amount of money you will need at closing.
The difference can be in the thousands! Timing does matter.
Is Owner’s Title Insurance right for you?
You’ll need to decide prior to closing if you want to purchase it.
Related Articles
- How to Negotiate: Get the best deal by being informed.
- Shopping for a Home: Consider several key factors before making that final decision.
- Choose a Real Estate Agent: Understanding your agent's role is key.
- Select the Right Mortgage Program: Know what's important in a home loan.
- Increase Your Buying Power: How to prepare NOW for the big purchase.
- How Much Should I Spend?: Figure out what you can reasonably afford in a home.
- Home Closing 101: Tips to make your home closing go smoothly!
-
Our members have access to Co-Op Network Shared Branches & ATMs for all basic transaction needs.
Access branches and ATMs nationwide
-
Visit one of our eight branch locations, conveniently located in DC, Maryland and Virginia.
Schedule a branch visit today
-
Dreaming of a new ride? Let us finance your next new, used, or fuel-efficient vehicle.
Rates as low as 2.375% APR*
Federally Insured by NCUAOpens in New Window|
Site by VisionsOpens in New Window