A BUYER'S CHECKLIST:
If you are Buying, you will need to have the following:
- A Certified Check or Bank Check for closing funds $1000 or more made payable to Chicago Title Agency. The exact amount of the funds needed may not be available until several hours prior to closing. Chicago Title Agency will contact you as soon as the exact figure is available.
- Home Owners Insurance - Policy & 1 Year Paid Receipt.
- Your Picture Indentification. (i.e.; State Issued Drivers License)
To calculate an estimate of Funds Needed, use the following formula:
CALCULATE
THE ESTIMATED BUYER FUNDS NEEDED AT CLOSING
|
|
| Purchase Price | $ ____________________
|
| Good Faith Estimate of Costs From Lender | + $ ____________________
|
Subtotal
|
= $ ____________________
|
| Loan Amount | - $ ____________________
|
| Pro-Rated Taxes | - $ ____________________
|
Funds
Needed
|
$ ____________________
|
