What to do 10 Days Before Closing: A Checklist for a Stress-Free Move

Congratulations on almost closing on your new home! With only 10 days left, you’ll want to make sure you’re prepared for the final steps. One of these steps includes ensuring your lender receives an insurance binder from your insurer at least 10 days prior to closing. Here are a few other things to consider doing in the last 10 days before closing:
  • Contact your lender: Check in with your lender to see if they require any additional information from you prior to closing. Make sure you have provided everything they need to make the process as smooth as possible.
  • Notify change of address: Receive a change of address notification package via the U.S. Postal Service, and begin the process of notifying your contacts of your new address.
  • Final walkthrough: Schedule a final walkthrough of your new home to ensure everything is in order before you close. This will give you peace of mind and the opportunity to address any issues if necessary.
  • Pack and prepare: Start packing your belongings and making preparations for moving day.
  • Review paperwork: Review all paperwork related to your new home purchase carefully to ensure everything is correct and understood.
  • These are just a few things to consider doing in the final 10 days before closing. With proper preparation and diligence, you’ll be ready to move into your new home with ease.
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    Meeting Insurance Requirements for Closing Day

    One essential step to take ten days before closing on your new home is ensuring that you meet all insurance requirements that your lender demands. A home insurance binder is vital for closing day, and your lender will need to review it at least ten days before the final day of closing. It is essential to guarantee that your insurance company forwards an updated binder to your lender. The function of such a binder is to reassure your lender that your home is insured. It would be best if you, as the homeowner, possess home insurance that meets the lender’s standards, including the required coverage amount for the property and personal property. Your home insurance policy should also have a specific deductible that meets your lender’s requirements.

    Communicating with Your Lender About Closing Requirements

    In addition to ensuring that you have an updated home insurance binder, communication with your lender is crucial. Many lenders might have additional closing requirements. They could communicate their requirements to you ten days before the day of closing. You must communicate with your lender regularly to avoid any setbacks or surprises that could lead to a delay in closing. If your lender’s requirements are not clear enough, inquire for clarification. It is better if any confusion is resolved before the day of closing so that you can prepare in advance and avoid potential last-minute stresses.

    Gathering Necessary Information for Your Lender

    Ten days before closing, it’s critical to gather any essential information that your lender may require for a smooth and fast closing process. Some of the information you may need to provide includes:
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    • Proof of any renovation work completed on the home
    • Verification of employment
    • Accounts on other loans
    • Gift letters for provided funds or deposits
    • Information on any disputed credit inquiries
    Your lender may also require a letter explaining significant withdrawals or deposits into your accounts. The letter must address any irregularities in transactions that your lender may find suspicious.

    Ensuring Your Address Is Up to Date

    Ten days before closing, you should update your address. You can do this by contacting your utility providers, government offices, and other necessary organizations such as banks and credit card companies. Update all your addresses to ensure that all correspondences are sent to the correct address after you close on your home. When updating your address, consider the following:
    • Update Your Voter Registration
    • Update Your Driver’s License
    • Contact Your Bank for a Change of Address
    • Contact the Post Office
    By updating your address in advance, you will avoid any issues associated with a change of address after closing.

    Obtaining a Change of Address Package

    The United States Postal Service (USPS) provides a simple way to notify everyone of your change of address. Requesting a change of address package is an easy process and can be done online. You can also pick up a change of address package from your local post office. The package contains essential information and forms that you can fill out to update your address with banks, utility companies, and other organizations that may be sending you mail. By obtaining a change of address package ten days before closing, you will avoid any hassles after closing day and ensure you start receiving all your mail at your new address.
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    Preparing for a Smooth Closing Day

    In summary, ten days before closing, you must ensure that you:
    • Have an updated home insurance binder
    • Communicate with your lender regularly
    • Gather essential information
    • Update your address
    • Get a change of address package from USPS
    By taking these proactive steps, you will be in a better position to guarantee a smooth closing day, which means less stress, increased efficiency, and more excitement about moving into your new home.

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