You’ve successfully moved into your home. Before you move in and start unpacking, don’t forget to take care of some final paperwork and home care that will save you a lot of hassle further down the line: Give your home a nice deep clean, or hire someone to do it for you. Make any flooring or painting updates before you start moving boxes of your belongings, furniture, and more into your home. Get your air ducts cleaned or change the air filters. Change the locks. Fill out a change of address form at the post office so mail gets rerouted to your new home. Update your driver’s license with your new home address. Send out change of address cards! Email… Read the full article.
Most closings occur at one of our branch offices and require you to attend in person. About a week ahead of closing, you can expect a Closing Disclosure that provides you with final costs and funds required for closing. The Closing Disclosure compares the final figures to those provided in the original Loan Estimate so you can see what, if anything, has changed. Final funds for closing are usually provided to us in the form of a cashier’s check. If that’s inconvenient, we can also make arrangements to have the funds wired directly to Great Midwest Bank a day or two ahead of time. Generally, borrowers find Closing Day far more simple than originally expected – one of the easiest… Read the full article.
Congratulations! You’ve successfully negotiated an offer to purchase or finalized plans with a builder or renovation contractor. In most cases, we can close in about 30-35 days from the time we receive all of your appropriate paperwork – the signed Offer to Purchase or Building Plans & Contract for a new home or renovation. Expect a Loan Estimate within a few days that provides details about costs and required funds for closing. From here, when you are ready to proceed, we will order an appraisal, which is usually a two-week process. Meanwhile, we can update your file with the most recent financial information and double check to be sure we have all of our own ducks in a row for final approval,… Read the full article.
Once you’ve been pre-approved, you can go into shopping mode with the confidence of knowing exactly what you can afford. We recognize that circumstances sometimes change and you need more feedback as you are out looking at specific homes or shopping various builders. Our Loan Officers are focused on convenience and accessibility and are available days, nights, and weekends to update you along the way. Today’s competitive market requires that you have a true mortgage partner on your side, ready and willing to help. We’ll be with you every step to ensure you buy, build, or renovate the home of your dreams with as little stress as possible. From tips on what to look for in a home or builder/contractor to the… Read the full article.
If you’re considering buying, building, or renovating, be sure to get your “Ducks in a Row” and start the process at Great Midwest Bank. We know the mortgage process may seem overwhelming, but it often boils down to a simple checklist and expertise. By choosing Great Midwest, consider yourself a Lucky Duck! We’ve been helping Wisconsin homeowners since 1935. The first step towards getting a home mortgage loan is to complete a pre-approval application. Keep in mind that not all pre-approvals are created equally. We have found over time that Realtors and Builders really have come to appreciate local lenders. A pre-approval from Great Midwest Bank may be the one to tip the scales in your favor when you’re bidding on… Read the full article.