Do you like to do paperwork? Does anyone? Because I am the detail person in Tom’s and my relationship, I usually get stuck with the paperwork. It is a pain and a great responsibility, because I have to be sure I understand everything and fill it all out correctly.
Buying a house entails a great deal of paperwork. In this age of computers and Covid, most of the paperwork is online. Because Tom and I are trying to live paperless, this a wonderful thing. I can take care of it, file it, and then always know where I can find it again. The only problem is trying to figure out if it came from the mortgage company or the realtor.
- So far I have filled out paperwork for:
- Property Interest Notice
- Application for Mortgage Package Documents
- IRS 4506-T
- Loan Estimate
- Purchase Agreement
- Intent to Proceed
- Flood Hazard Determination
- Home Inspection Report
- Underwriting Documents
- Homeowners Insurance
- Appraisal
- Closing Disclosure and
- Final Closing Disclosure
And that doesn’t even include the final closing papers, which we will be signing today. I have to get my docs in a row!
Although paperwork is the bane of my existence right now, I understand the importance of having a paper trail. Especially when you are buying a house – such a big purchase – you need to dot all the i’s and cross all the t’s. Sometimes I don’t read contracts carefully enough and it causes problems. I start off reading thoroughly, but then my brain starts swimming around in the legalese and I start skimming. For instance, when I filled out the purchase agreement, I didn’t notice the closing date – which is kind of an important thing. When I kept asking questions about it, the realtor pointed it out.
I can see the light at the end of the tunnel. The paperwork is coming to an end very soon. All the proper papers have been signed and turned in and we are ready to go to closing. Now we start bill and mortgage paying!