|
• |
A certified or bank
check
made payable to you or First Title Agency for any
amount over $1000. The exact amount you will need at closing may not
be available until several hours before closing. Our staff will
contact you as soon as that figure is available. A good estimate of
the amount you will need at closing can be determined by using this
formula: |
|
|
Principle payoff of existing loan(s) |
|
|
+ |
Interest due on
the existing loan |
|
|
+ |
Closing costs estimated by your lender on the Good Faith
Estimate |
|
|
+ |
Owner's policy premium (if you
elected coverage) |
|
|
- |
New loan amount |
|
|
|
|
|
|
= |
Approximate Amount Needed |
|
• |
A declaration page from your home owners insurance - showing
your
new lender
as the lone payee. |
