Straight Talk About Real Estate

If you are getting a loan for the purchase of a property, you will be signing loan documents before closing. Allow at least half an hour to sign everything. If you intend to read through all the fine print, expect to be there 2-3 hours. Most of the document are boiler-plate verbage. What is of most concern is to read through the terms of the loan, payment conditions, and if there is any prepayment penalty. By the way, make sure names and property address on the document are correct.