• How do I close?

  Closing can happen with a notary, or at an attorney’s office — it all depends on what your state allows. Regardless of how you close, we keep you in the loop the whole way so you know what to expect at every stage. If you’re after closing details for your specific loan, get in touch with your processor - they will have everything you need!Few readers

• How does closing work for refinancing?

  For a refinance, we schedule your closing at a convenient time. You meet with a notary, or attorney (depending on your state’s rules) to sign all the documents required for closing. It’s all good — we send you lots of information and instructions about what you need to do in the lead-up to closing day and on the big day.Few readers

• Can I pick my own title company?

  You can choose your own title company. Beeline Title is highly likely to be cheaper and faster though. You should shop around for the best deal and service.Few readers

• Do you guarantee on-time closing?

  The home loan process can sometimes throw you some curveballs — title, appraisal issues or property condition are all things that could affect a closing date. So, while we can’t guarantee on-time closing, we can guarantee that we’ll do everything in our power to meet your closing date. We’ll be sure to keep you in the loop every step of the way to make sure we’re on-track to meet your closing date.Few readers

• Can anything prevent closing after the loan is approved?

  It is possible for factors to prevent closing after your loan is approved. The approval is based on your income, assets and credit. Problems with job loss, damage to the home noted in the appraisal, or title search problems could all get in the way to closing. But if we hit any kind of snag, we let you know immediately.Few readers

• What is a title search?

  A title search researches the ownership and lien history of a property. It’s important to know what is owed on the property and to confirm who the current owners are.Few readers

• When am I cleared to close?

  When all conditions of the loan are satisfied — an acceptable appraisal, clear title and all underwriting conditions cleared. So if we are waiting on anything from you, get those into your processor quickly so we can get you CTC!Few readers

• What closing costs are negotiable?

  Some closing costs are negotiable, including some third party fees that you can shop for like title insurance. If you look at your Loan Estimate (LE), you’ll actually see which services you can shop for and which you can’t.Few readers

• How long does it take to get my escrow refund after we pay off my previous lender?

  Different lenders process refunds differently, but it shouldn’t take more than 21 days.Few readers

• Is my loan application guaranteed to close?

  We’d love to be able to guarantee that your loan will close, but the reality is there are a ton of moving parts in the loan process — appraisal and title to name a couple. That said, we bust our chops to make sure it all goes as smoothly as possible for you.Few readers

• When is the first payment due?

  Typically the first payment is due on the first day of the month, a full calendar month after you close. For example, if you close on April 15th, your first payment would be due June 1st.Few readers

• What is an escrow account?

  When you get a home loan, you'll probably be asked to put money into an escrow account to guarantee the lender that the ongoing expenses of owning the property will be paid, specifically taxes and insurance. You'll pay a lump sum into the escrow account at closing (also known as your ‘prepaids’), and add to it further with each of your monthly home loan payments.Few readers

• I haven't agreed on a closing date fully yet. What should I do?

  You don't need to know your exact closing date to apply with Beeline. If you already have a Purchase-Ready Approval and have made an offer, wait until you get the signed purchase and sales agreement — the closing date will be in there.Few readers

• Can I transfer my current escrow balance to my new loan escrow account?

  No — we have to set up a new escrow account with correct tax and insurance information to ensure accurate payments. We’ll set up your new escrow account based on when items are due. The good news is, you’ll get a refund from your current lender for the escrow account you currently have set up — and you can spend it on whatever your little heart desires.Few readers

• Will my payment go up if my taxes or insurance goes up?

  Yes — even with a fixed-rate loan, your payment is likely to change over time. While the principal and interest portion of your mortgage payment will not change, your property taxes and homeowner insurance portions will increase over time.Few readers