We are refinancing our home for a few extra thousand to do some improvements. Our bank is out of state so they are sending a lady to our house tonight to close. Will she bring our check with her and we get it tonight?
Best answer:
Answer by pearlmel
NO YOU WILL NOT GET A CHECK AT CLOSING!
the paperwork you sign has to be returned to the lender (usally next day air ) some banks demand originals to FUND
once they have the docs in hand and they are completed correctly they will release the money. the title company handeling the paperwork will send you a check or wire the money into your account!
you have to understand that until they have your closing paperwork in hand no money goes anywhere! I would say you are looking at 2- 4 days till you get a check!
What do you think? Answer below!
No comments:
Post a Comment