Notary Tips for First-Time Home Buyers: What to Expect During Your Signing
Key Notary Tips for First-Time Home Buyers: Get Ready for a Smooth Signing Process
Buying your first home is an exciting milestone! The final step before officially becoming a homeowner involves signing important documents. Here’s what you need to know to be fully prepared and ensure a smooth, efficient signing experience.
1. Confirm That Your Names Match Exactly on All Documents
One of the most crucial details is that the name on your ID exactly matches the name on the document signature lines. Request to review the signature lines beforehand, and ensure they align with your government-issued ID. If there’s any inconsistency between the two, it can complicate the signing and may lead to delays or additional costs to correct down the line.
2. Understand Your Vesting Options
Vesting determines how you legally hold title to your new property and has important implications, especially if you or other owners pass away. Do your own research on vesting options as notaries are not permitted to advise on this. If you have questions, consult an estate planning attorney or a tax professional who can explain the legal and tax consequences of different vesting types to ensure you’re making the right choice for your situation.
3. Let the Notary Know When You’ll Be Wiring Your Funds
If you’ve already wired the funds, inform the notary at the start of the appointment. This is a key step for the notary to verify the transaction process and ensure everything is on track.
4. Reviewing Documents Ahead of Time
To feel fully prepared, you can request a soft copy of the documents from escrow before the signing. However, keep in mind that the notary will also guide you through each document during the appointment. The main documents you may want to review beforehand are the estimated settlement statement from escrow and your primary loan documents:
- Note – Details of your loan agreement.
- Deed of Trust (or Mortgage in some states) – Secures the property as collateral for the loan.
- First Payment Letter – Shows your initial payment details, including whether PMI, insurance, and/or property taxes are impounded or included in the monthly payment.
5. Capture the Moment: Photos Are Welcomed!
This is a memorable milestone, and we’re here to celebrate with you! If you’d like to take photos during or after the signing to commemorate the moment, just let us know. We’re more than happy to help capture this exciting step in your journey to becoming a homeowner.
Being prepared with these details will help you move smoothly through the signing and ensure your new home purchase is on track. For any additional questions, our team is here to support you every step of the way. Enjoy the journey to becoming a homeowner!
