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Homebuyer 101: What to Expect on Closing Day 

Jennifer Beeston
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It’s the most magical day ever!! Or is It?? Let’s discuss and get real about what to expect on closing day
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Licensing info: Jennifer Beeston, SVP Mortgage Lending NMLS 247743 at Guaranteed Rate, Inc. NMLS 2611 Branch Address: 1750 N University Drive, Coral Springs, Florida, 33071 Equal Housing Lender
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23 окт 2023

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Комментарии : 92   
@daveblackman816
@daveblackman816 8 месяцев назад
Expect an hour of paperwork at least. Make sure to read over every document and take your time
@benyosep5640
@benyosep5640 2 месяца назад
You would be there all day. Just pay your mortgage, you will be ok.
@CarmineTavernaPhotography
@CarmineTavernaPhotography 21 день назад
🎉🎉 I received a $325. Home Depot gift card at closing..very useful 🎉🎉
@leens4190
@leens4190 8 месяцев назад
Paaaaperwork! 🤣 But also, hopefully, a lovely hug from your realtor and the KEYS!!! 🎉🍾
@user-ex3pm5zv8f
@user-ex3pm5zv8f 4 месяца назад
I’d definitely like a giant key on the day we close! 😂
@mrchris552
@mrchris552 8 месяцев назад
My closing day was very interesting. Seller was so late because she waited til the last minute to get everything out of my house, had plenty of time to pay wire everything an even read a few documents, an recall all the credits (money) she promised for the repairs needed. There is an advantage to dealing with unorganized people.
@khadijahdavis1572
@khadijahdavis1572 2 месяца назад
I appreciate this video, i am awaiting closing day, I'm so nervous that something is gonna happen, I'm a 1st time homeowner, and have been very very careful in managing my finances during this process, i swear I've been afraid to buy groceries 😫, because I've heard of ppl loans falling through right before closing
@JenniferBeeston
@JenniferBeeston 2 месяца назад
You got this, just don’t make any huge purchases like buy a car. You should be able to buy groceries. If you’re concerned about it, just ask your lender what your debt to income is and cash to close and if they have any concerns.
@khadijahdavis1572
@khadijahdavis1572 2 месяца назад
@@JenniferBeeston thank you, love your vids, 😊, alot of times you guys don't really kno how valuable your vids are to the world, I'm here to attest, that you guys are very much appreciated plz don't stop making these vids, ppl are actively searching for this content, this is what i love about RU-vid, ppl like you 😊, you are very much appreciated my beautiful sister
@JenniferBeeston
@JenniferBeeston 2 месяца назад
❤️❤️❤️ appreciate you
@MoniqueLewis69
@MoniqueLewis69 2 месяца назад
Same here..I’m nervous too. However, I’ve found this video to be more detailed than the other videos I viewed. Some sense of relief in some way lol
@khadijahdavis1572
@khadijahdavis1572 2 месяца назад
@MoniqueLewis69 I agree, I wish you all ths best and a huge congratulations on your new home, you goy this sis
@jackyg3857
@jackyg3857 8 месяцев назад
Hi Jen, this video came out at the right time I’m closing on my first home tomorrow 😊
@eddieslittlestack7919
@eddieslittlestack7919 8 месяцев назад
Congratulations!
@ash5433
@ash5433 8 месяцев назад
Great advice on verifying by phone to prevent wire scams, thank you!!!!
@JenniferBeeston
@JenniferBeeston 8 месяцев назад
Thank you!
@snackman2005
@snackman2005 24 дня назад
This is a timely video. We are closing (selling) our house in Florida tomorrow morning. We live in Georgia. Came in for the closing. I hope it is anti climatic. It’s been a pretty smooth process. Just a long process. And will be glad when it is finally over.
@TheItachai
@TheItachai 8 месяцев назад
I have been looking forward for this house and having fun during the process. At closing I felt cheated I was expecting champagne showers 😂
@zone7permaculture587
@zone7permaculture587 4 месяца назад
Relax take a pic 😅
@omonukpoma7892
@omonukpoma7892 3 месяца назад
Excellent video and I love her enthusiasm…. Exciting moment indeed 🎉🎉
@JenniferBeeston
@JenniferBeeston 3 месяца назад
:)
@khadijahdavis1572
@khadijahdavis1572 2 месяца назад
Agreed, she's awesome
@donniefolmar6393
@donniefolmar6393 5 месяцев назад
Great video, closing in about a month,first time,this is the most informative video I have seen so far,Thanks !
@JenniferBeeston
@JenniferBeeston 5 месяцев назад
Glad it was helpful!
@khadijahdavis1572
@khadijahdavis1572 2 месяца назад
Same here
@rogerbober8916
@rogerbober8916 8 месяцев назад
Most exciting for the realtor's commission. I was just glad to get it over with.
@JenniferBeeston
@JenniferBeeston 8 месяцев назад
lol I definitely want it over when I buy. I just want it over so I can nest and be done
@angelarias8366
@angelarias8366 8 месяцев назад
Great video Jen 👍, watched all your appraisal videos and was nervous about my appraisal because I put a 10k gap, house appraised 19k over and closing Nov 24 Thanks for all the great content
@JenniferBeeston
@JenniferBeeston 8 месяцев назад
Happy to help! Glad your appraisal came in high. Thats awesome!
@alexpress5375
@alexpress5375 5 месяцев назад
I am closing in a few hours...l really appreciate leave of detail in this video. I am that crazy person that has to read everything because i trust no one and i have been finding small errors throughout the process. Thank you so much I feel prepared for today! 🤞❤
@JenniferBeeston
@JenniferBeeston 5 месяцев назад
Glad it was helpful!
@alexpress5375
@alexpress5375 5 месяцев назад
@@JenniferBeeston I am now a homeowner and you were right very anticlimactic but I did get a picture withy realtor and the title company guy. Thanks for the advice! ❤️
@bernardjulio1882
@bernardjulio1882 4 месяца назад
Very well explained. You have pointed out very good details and great information. Thanks once again!!!
@alexandraadams2070
@alexandraadams2070 2 месяца назад
I'm glad it is anti-climatic!! My closing is in a couple weeks and I'm just glad it's almost over, lol! I'm moving from California to Georgia, first time home buyer, all by myself and it's been crazy. My finances are all great but so much paperwork, good grief!!! And I haven't even closed yet! I was only expecting a bunch of paperwork at the closing but I've already read and signed a whole heap of stuff. I'm sick to death of it, lol!! I'm flying down to sign in person too and a week before, flying down for the walk through so lots of air miles to be used later. I was actually looking online to see if I could find the closing documents ahead of time to read because I want to read everything. Hoping there was like a general pile of documents that all buyers have to sign with verbiage every pack has so I could read it ahead of time and then just sign when I get there, They should have that, lol! Oh well, I'll just take extra b-vitamins or something for that day,
@Beautiful2Mee
@Beautiful2Mee Месяц назад
Thank you so much for this! I close tomorrow!!
@JenniferBeeston
@JenniferBeeston Месяц назад
That is very exciting. Congratulations and enjoy your special day tomorrow and take lots of pictures even if you feel silly doing it you will appreciate it down the line.
@user-hd2bk9kc9v
@user-hd2bk9kc9v 8 месяцев назад
It sounds good 🗝 😊
@user-hd2bk9kc9v
@user-hd2bk9kc9v 8 месяцев назад
Hi again zondreia Barringer Hutchinson I bee having trouble login to account
@RABPWarrior
@RABPWarrior Месяц назад
You’re making me cry
@tonilott8862
@tonilott8862 8 месяцев назад
Is the process that same with a new construction ? We close in December and I’m excited and nervous at the time!
@rosafus12
@rosafus12 8 месяцев назад
I've always wondered, what are the two states you are not a lender in? BTW, I LOVE your videos!! Helped me so much when I bought my first house 3 years ago. Locked in at 3.25%
@JenniferBeeston
@JenniferBeeston 8 месяцев назад
I am so glad they helped. Rhode Island and Utah. Rhode Island is a very expensive license every year for the size of the state and Utah requires a ridiculous amount of redundant education so I’m on strike.
@michellerenshaw3058
@michellerenshaw3058 6 месяцев назад
As an Utah REALTOR who works with GRA regularly,@@JenniferBeeston I wish you DID!
@arkmen1021
@arkmen1021 8 месяцев назад
Thanks for the suggestions 🫡
@cathymankin4340
@cathymankin4340 8 месяцев назад
Yes! A large key. Lol.
@JenniferBeeston
@JenniferBeeston 8 месяцев назад
🔑 ❤️🏡🎉
@kw7796
@kw7796 4 месяца назад
Take a picture with everyone doing fun pose (yeah...cheer) and post if on your page for PR.
@RABPWarrior
@RABPWarrior Месяц назад
Plan a celebratory meal with friends or family and wear a crown from Burger King
@russlea6383
@russlea6383 8 месяцев назад
My closing day was bittersweet because my lender told me just 72 hours beforehand that I would have to maintain my $80k income in order to be given a conditional approval, because I didn't know where I would be working once I moved in. So I kept my income for the next year to pay off the house and then moved in. Then I found you while searching for the reason why they didn't tell me that 3 months earlier when I applied.
@321Virginia
@321Virginia 6 месяцев назад
Why didn’t they tell you 3 months earlier??
@russlea6383
@russlea6383 6 месяцев назад
Because Jennifer wasn't my lender.@@321Virginia
@TheItachai
@TheItachai 8 месяцев назад
Send the key and Ill use it!
@MysteryExodus
@MysteryExodus 8 месяцев назад
Hi Jen. How are first time homebuyers affording homes right now ? My husband and I live in a medium-low cost of living part of the country and everything feels so out of reach. The median household income in our area is below ours and we still can’t seem to do it.
@airbud3
@airbud3 5 месяцев назад
I thought the same I’m 31 saved up 100,000 in 4 years and about to buy in a couple days never thought I would make it this far. Thanks to Dave Ramsey
@cathymankin4340
@cathymankin4340 8 месяцев назад
Uh oh. Our closing day is late afternoon, and on a Friday. Ugh.
@JenniferBeeston
@JenniferBeeston 8 месяцев назад
You got this;)
@earlthomas7464
@earlthomas7464 8 месяцев назад
I plan on applying for a mortgage next summer, if interest rates are still high can I refinance (when rates come down) without adding another 30 years to my mortgage?
@JenniferBeeston
@JenniferBeeston 8 месяцев назад
It starts the time frame over but does not add 30 years.
@ibillyduncan3512
@ibillyduncan3512 5 месяцев назад
I close in a couple of days, and not sure if i have all the cash needed to close. If i am short cash can i pay some of the fees with a credit. If not, what can be paid with credit card and what can not?? Help !!
@JenniferBeeston
@JenniferBeeston 5 месяцев назад
Generally, you could pay for like the appraisal or any inspections with a credit card. I would chat with your loan officer generally, if you’re gonna be short cash to close, they will be pretty aware by now.
@davidmacgown321
@davidmacgown321 4 месяца назад
As a seller, if a bank wire transfer is initiated on a Friday - when would the funds show up in my account?
@JenniferBeeston
@JenniferBeeston 4 месяца назад
Generally Friday, Monday at the latest.
@kw7796
@kw7796 4 месяца назад
You reminds me of LARRY DAVID'S TV WIFE. : )
@WhengGee
@WhengGee 8 месяцев назад
Does this affect my Lock in rate, because my closing day is gonna be my last day on my lock in rate.
@JenniferBeeston
@JenniferBeeston 8 месяцев назад
If your rate is goof through then you will be good:)
@kfergus3662
@kfergus3662 24 дня назад
The buyer said he is paying closing cost..Ohio
@MOBU76
@MOBU76 4 месяца назад
What day of the week is the worst to close?
@JenniferBeeston
@JenniferBeeston 4 месяца назад
Generally, Monday or friday.
@harekzigzagon376
@harekzigzagon376 4 месяца назад
​@@JenniferBeestonwhy is that?
@JenniferBeeston
@JenniferBeeston 3 месяца назад
Because for a Monday closing everything has to be out Friday which is a busy day as there are so many closings on Friday. Friday I don't love because if anything goes wrong you are pushed till Monday instead of the next day
@RABPWarrior
@RABPWarrior Месяц назад
😢
@RABPWarrior
@RABPWarrior Месяц назад
Noooo to ornamental keys 😂
@JenniferBeeston
@JenniferBeeston Месяц назад
It’s tragic agreed
@macey8578
@macey8578 8 месяцев назад
Is guaranteed rate considered an online lender?
@JenniferBeeston
@JenniferBeeston 8 месяцев назад
No we are actually one of the largest retail lenders in America with the most top loan officers. We do have a call center as well but it is very small and not the focus of the business.
@macey8578
@macey8578 8 месяцев назад
Thanks Jenn! 😁
@dialecticalmonist3405
@dialecticalmonist3405 7 дней назад
I'm inheriting money from my dead parents. Probably going to skip the picture.
@JenniferBeeston
@JenniferBeeston 6 дней назад
Not sure the circumstance for you but if I passed and my son used his inheritance to buy a house I would want it to be a happy moment. Not a sad moment. Just some food for thought.
@dialecticalmonist3405
@dialecticalmonist3405 6 дней назад
@@JenniferBeeston It hurts more because I know that's exactly what she would want.
@dembeesandgaa8008
@dembeesandgaa8008 4 месяца назад
This video could've been 5 minutes. Rest is just her repeating and presenting too many examples
@JenniferBeeston
@JenniferBeeston 4 месяца назад
There are lots of other channels. Enjoy your search!:)
@neelafung8787
@neelafung8787 4 месяца назад
As a first time home buyer I appreciate the additional examples!
@JenniferBeeston
@JenniferBeeston 3 месяца назад
Thank you:)
@Cookie-mv4li
@Cookie-mv4li Месяц назад
People are too sensitive nowadays people need to grow a pair of balls and stop crying
@tucoramirez9729
@tucoramirez9729 2 месяца назад
Closed 8 months ago ,the entire closing consisted of me meeting my lawyer for first time in his office,,I signed/initialed a ton of documents and hand over a check for 33,000 that was it. Took an hour, broker left keys for me in mailbox of my new home, no big deal
@JenniferBeeston
@JenniferBeeston 2 месяца назад
Nice congrats on your new home;)
@tucoramirez9729
@tucoramirez9729 2 месяца назад
@@JenniferBeeston Thankyou
@tjlivejaxkson231
@tjlivejaxkson231 Месяц назад
Well..I was just told I will be let go the same day closing scheduled.... not sure what gonna happen
@tucoramirez9729
@tucoramirez9729 Месяц назад
@@tjlivejaxkson231 sorry to hear that
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