A lot of people think once they hand over their paperwork to a lender, their job is done. It's not.
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Closing a deal is teamwork. Your job doesn't stop at the documents.
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Here's what to watch for:
๐ Did the terms change from what you agreed to at the start?
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๐ Does anything in the closing docs look different?
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๐ Did anyone warn you about changes, or did they surprise you at the table?
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**Four steps to stay on top of it:**
1. 1๏ธโฃ Make a Google Drive folder for your Chris Deal
2. 2๏ธโฃ Save your term sheet
3. 3๏ธโฃ Ask along the way: "Are the terms still the same?"
4. 4๏ธโฃ Read your closing docs before you sign
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A borrower of mine signed for an adjustable rate loan WITHOUT KNOWING IT until they were sitting at the title company on closing day.
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We caught it and fixed it in time, but that's not always how it goes.
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Four steps, maybe 10 minutes total.
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And most investors skip all of them.
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Don't. be. that. investor.