Homebuyer 101: What to Expect on Closing Day

It’s the most magical day ever!! Or is It?? Let’s discuss and get real about what to expect on closing day
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Licensing info: Jennifer Beeston, SVP Mortgage Lending NMLS 247743 at Guaranteed Rate, Inc. NMLS 2611 Branch Address: 1750 N University Drive, Coral Springs, Florida, 33071 Equal Housing Lender
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[@TeariesSilvani]

I’d definitely like a giant key on the day we close! 😂

[@CarmineTavernaPhotography]

🎉🎉 I received a $325. Home Depot gift card at closing..very useful 🎉🎉

[@queenbrown17]

Just closed on our first home yesterday. So thankful for all of your advice along the way. Appreciate all that you do! 🎉

[@JenniferBeeston]

So happy for you!!! Congrats!!!!

[@omonukpoma7892]

Excellent video and I love her enthusiasm…. Exciting moment indeed 🎉🎉

[@JenniferBeeston]

:)

[@khadijahdavis1572]

Agreed, she's awesome

[@daveblackman816]

Expect an hour of paperwork at least. Make sure to read over every document and take your time

[@benyosep5640]

You would be there all day. Just pay your mortgage, you will be ok.

[@Tunechi65]

aint nobody got time for that

[@mrchris552]

My closing day was very interesting. Seller was so late because she waited til the last minute to get everything out of my house, had plenty of time to pay wire everything an even read a few documents, an recall all the credits (money) she promised for the repairs needed. There is an advantage to dealing with unorganized people.

[@leens4190]

Paaaaperwork! 🤣 But also, hopefully, a lovely hug from your realtor and the KEYS!!! 🎉🍾

[@jackyg3857]

Hi Jen, this video came out at the right time I’m closing on my first home tomorrow 😊

[@eddieslittlestack7919]

Congratulations!

[@PenPalJohn]

My closing date was on Easter. Went to title company to close. No one was there. I paid cash. It took hours to close. Was a nightmare. My real estate agent couldn’t care less. She let me down on so many levels leading up to it. But yes this video is so accurate - it is anti climatic. I never got the big key that I see online. I basically was told - hey the seller wants to see that the deal is funded. I need to go to lunch. Don’t worry. Good luck --. I will never work with her again. Fortunately it did work out and close. Thank you for the videos. They are great.

[@JenniferBeeston]

That sounds very anti climatic and sadly what it often is. Even more annoying that it took so long and you bought with cash. That is wild. I am glad the house worked out

[@rm26367]

Another great video!!! Thank you for the detailed explanation on what to expect. I also appreciate the reminder to celebrate first time homebuyers. It is a stressful process for sure.

[@JenniferBeeston]

Thank you and YES celebrate 🎉 it’s a big moment

[@lahannid]

The big key is a super cute idea. And a great advertising prop for you.

[@ash5433]

Great advice on verifying by phone to prevent wire scams, thank you!!!!

[@JenniferBeeston]

Thank you!

[@muskbro926]

This video was very helpful. Me and my wife are closing our first home tomorrow

[@JenniferBeeston]

I am super glad it was helpful. :-) congrats on your home! That is super super exciting ❤️❤️🏡

[@muskbro926]

@@JenniferBeeston Thank you so much

[@tfptravel.food.peace.3788]

​@@muskbro926🎉🎉🎉 congratulations!!!

[@micktocallafbt779]

I really enjoyed watching this video I'm in the process of buying my first home got to be honest watching the end of that video I actually teared up and I'm definitely going to take your words of advice

[@JenniferBeeston]

I am happy to hear that. Sounds like you are almost home ❤️🏡

[@queenbrown17]

This was very helpful! We are scheduled to close next week and your videos have been so helpful during this journey! BTW I love your rambling style 😊!

[@JenniferBeeston]

I am so happy for you🎉that is great news. And ty I will never stop rambling :)

[@alexpress5375]

I am closing in a few hours...l really appreciate leave of detail in this video. I am that crazy person that has to read everything because i trust no one and i have been finding small errors throughout the process. Thank you so much I feel prepared for today! 🤞❤

[@JenniferBeeston]

Glad it was helpful!

[@alexpress5375]

@@JenniferBeeston I am now a homeowner and you were right very anticlimactic but I did get a picture withy realtor and the title company guy. Thanks for the advice! ❤️

[@bernardjulio1882]

Very well explained. You have pointed out very good details and great information. Thanks once again!!!

[@TheItachai]

I have been looking forward for this house and having fun during the process. At closing I felt cheated I was expecting champagne showers 😂

[@zone7permaculture587]

Relax take a pic 😅

[@khadijahdavis1572]

I appreciate this video, i am awaiting closing day, I'm so nervous that something is gonna happen, I'm a 1st time homeowner, and have been very very careful in managing my finances during this process, i swear I've been afraid to buy groceries 😫, because I've heard of ppl loans falling through right before closing

[@JenniferBeeston]

You got this, just don’t make any huge purchases like buy a car. You should be able to buy groceries. If you’re concerned about it, just ask your lender what your debt to income is and cash to close and if they have any concerns.

[@khadijahdavis1572]

@@JenniferBeeston thank you, love your vids, 😊, alot of times you guys don't really kno how valuable your vids are to the world, I'm here to attest, that you guys are very much appreciated plz don't stop making these vids, ppl are actively searching for this content, this is what i love about KZbin, ppl like you 😊, you are very much appreciated my beautiful sister

[@JenniferBeeston]

❤️❤️❤️ appreciate you

[@MoniqueLewis69]

Same here..I’m nervous too. However, I’ve found this video to be more detailed than the other videos I viewed. Some sense of relief in some way lol

[@khadijahdavis1572]

@MoniqueLewis69 I agree, I wish you all ths best and a huge congratulations on your new home, you goy this sis

[@donniefolmar6393]

Great video, closing in about a month,first time,this is the most informative video I have seen so far,Thanks !

[@JenniferBeeston]

Glad it was helpful!

[@khadijahdavis1572]

Same here

[@alexcoogler9964]

My closing day is set to nov.15th and this video gave me a BIGGER understanding of the closing day thanks a lot Jennifer!!

[@JenniferBeeston]

Happy to help!

[@rogerbober8916]

Most exciting for the realtor's commission. I was just glad to get it over with.

[@JenniferBeeston]

lol I definitely want it over when I buy. I just want it over so I can nest and be done

[@tfptravel.food.peace.3788]

I'm watching this because I Know I will soon make it to the closing table❤ I'm coming back to edit when I do!!🎉 Are you licensed in IL? Love this channel btw.

[@JenniferBeeston]

Thank you so much. YES I am licensed in IL and happy to help get you to your goal. 786-933-2077

[@snackman2005]

This is a timely video. We are closing (selling) our house in Florida tomorrow morning. We live in Georgia. Came in for the closing. I hope it is anti climatic. It’s been a pretty smooth process. Just a long process. And will be glad when it is finally over.

[@tonilott8862]

Is the process that same with a new construction ? We close in December and I’m excited and nervous at the time!

[@Eltartaro_2050]

Great video Jen 👍, watched all your appraisal videos and was nervous about my appraisal because I put a 10k gap, house appraised 19k over and closing Nov 24 Thanks for all the great content

[@JenniferBeeston]

Happy to help! Glad your appraisal came in high. Thats awesome!

[@rosafus12]

I've always wondered, what are the two states you are not a lender in? BTW, I LOVE your videos!! Helped me so much when I bought my first house 3 years ago. Locked in at 3.25%

[@JenniferBeeston]

I am so glad they helped. Rhode Island and Utah. Rhode Island is a very expensive license every year for the size of the state and Utah requires a ridiculous amount of redundant education so I’m on strike.

[@michelle-howdoyou]

As an Utah REALTOR who works with GRA regularly,@@JenniferBeeston I wish you DID!

[@KingChong9177]

You are awesome! Thanks for the detailed explanation!

[@JenniferBeeston]

Glad it was helpful!

[@dg8676]

Buying a home and it ridiculous I can’t get the final number sooner then a couple days before

[@JenniferBeeston]

I agree that is a ridiculous part of the mortgage. No one has figured out how to solve it. In some states, we can send the docs early and the escrow officer will work on it early, but it’s really rare.

[@LuvaRN-h7b]

I close tomorrow! Great video!

[@JenniferBeeston]

🎉🎉🏡❤️

[@alexandraadams2070]

I'm glad it is anti-climatic!! My closing is in a couple weeks and I'm just glad it's almost over, lol! I'm moving from California to Georgia, first time home buyer, all by myself and it's been crazy. My finances are all great but so much paperwork, good grief!!! And I haven't even closed yet! I was only expecting a bunch of paperwork at the closing but I've already read and signed a whole heap of stuff. I'm sick to death of it, lol!! I'm flying down to sign in person too and a week before, flying down for the walk through so lots of air miles to be used later. I was actually looking online to see if I could find the closing documents ahead of time to read because I want to read everything. Hoping there was like a general pile of documents that all buyers have to sign with verbiage every pack has so I could read it ahead of time and then just sign when I get there, They should have that, lol! Oh well, I'll just take extra b-vitamins or something for that day,

[@Vidap446]

If they get their keys the day they sign, putting them in a gift wrapped box would be a nice touch. I do like the certificate idea too 😉

[@fernandosandoval9306]

What about if! The # is to big! and I just passed out in the house!!!! 😴😴😇😇

[@fernandosandoval9306]

Need a break! Wow Amazing! My brain has to reboot!

[@kidz919]

I close in a week and im so scared. Ughh anxiety sucks. I dont think I will truly be excited until after the closing meeting

[@JenniferBeeston]

You likely will be excited a few weeks after you move in. It can be super surreal at first, so just expect that. Make sure you change the locks and make sure you get that traditional move in pizza that everybody gets and post it to Reddit first time homebuyers to give people hope. Make sure your location services are not on :-)

[@kidz919]

@JenniferBeeston lol definitely. I will and yeah I was just telling my wife that we definitely wanna make sure we change the locks. I heard too many scary stories with that

[@Beautiful2Mee]

Thank you so much for this! I close tomorrow!!

[@JenniferBeeston]

That is very exciting. Congratulations and enjoy your special day tomorrow and take lots of pictures even if you feel silly doing it you will appreciate it down the line.

[@Muhammadsaeed-se2ti]

My lender messed up 2 times. behind the scenes. She didn't know what she is doing.Caused my 20 days process to 45 days almost. Actually she was taking my case so easy that it was not a priority.

[@davidmacgown321]

As a seller, if a bank wire transfer is initiated on a Friday - when would the funds show up in my account?

[@JenniferBeeston]

Generally Friday, Monday at the latest.

[@russlea6383]

My closing day was bittersweet because my lender told me just 72 hours beforehand that I would have to maintain my $80k income in order to be given a conditional approval, because I didn't know where I would be working once I moved in. So I kept my income for the next year to pay off the house and then moved in. Then I found you while searching for the reason why they didn't tell me that 3 months earlier when I applied.

[@321Virginia]

Why didn’t they tell you 3 months earlier??

[@russlea6383]

Because Jennifer wasn't my lender.@@321Virginia

[@kw7796]

Take a picture with everyone doing fun pose (yeah...cheer) and post if on your page for PR.

[@egypt1279]

Thank you for this video!!!

[@JenniferBeeston]

You are so welcome!

[@MOBU76]

What day of the week is the worst to close?

[@JenniferBeeston]

Generally, Monday or friday.

[@harekzigzagon376]

​@@JenniferBeestonwhy is that?

[@JenniferBeeston]

Because for a Monday closing everything has to be out Friday which is a busy day as there are so many closings on Friday. Friday I don't love because if anything goes wrong you are pushed till Monday instead of the next day

[@Agkklk18]

I would love a marching band!

[@JenniferBeeston]

That would be epic agreed

[@fernandosandoval9306]

Amen! Hw do know allergies 🤧 😮‍💨🤧😷🤧🤧! Amazing!

[@osinstalls]

TY for guide

[@JenniferBeeston]

Happy to help:)

[@RABPWarrior]

You’re making me cry

[@earlthomas7464]

I plan on applying for a mortgage next summer, if interest rates are still high can I refinance (when rates come down) without adding another 30 years to my mortgage?

[@JenniferBeeston]

It starts the time frame over but does not add 30 years.

[@trinetteolivas2638]

I’d love a giant key on closing day

[@SPYgirl199812]

So I was told to wire 24 hours before The call i got was 1 hour after my bank closes for wires that i needed wire 10k LESS than what i wired over I was like 😮

[@JenniferBeeston]

Yeah this part of the transaction is never clean. It’s the one part I can’t figure out how to iron out across the country. It is on my vision board.

[@Solid_Snack]

Im closing in 7 days but im so worried that finiance put something in my closing cost that i dont know of. Im worried to ask my realtor because he referred me to his lender. I signed the Closing doc already i think everyone is trying to get me.

[@JenniferBeeston]

Hopefully it all closed well.

[@fernandosandoval9306]

Me most of the time i for get the date! and the date I was born!!!??????

[@MysteryExodus]

Hi Jen. How are first time homebuyers affording homes right now ? My husband and I live in a medium-low cost of living part of the country and everything feels so out of reach. The median household income in our area is below ours and we still can’t seem to do it.

[@airbud3]

I thought the same I’m 31 saved up 100,000 in 4 years and about to buy in a couple days never thought I would make it this far. Thanks to Dave Ramsey

[@TheItachai]

Send the key and Ill use it!

[@fernandosandoval9306]

There cd on buying a home! What!!!!¡!!!! Never heard that! Ever in my life! 🤔🤨🤔🤔🤔

[@ricana1160]

Closing disclosure lol. That’s what it stands for

[@ibillyduncan3512]

I close in a couple of days, and not sure if i have all the cash needed to close. If i am short cash can i pay some of the fees with a credit. If not, what can be paid with credit card and what can not?? Help !!

[@JenniferBeeston]

Generally, you could pay for like the appraisal or any inspections with a credit card. I would chat with your loan officer generally, if you’re gonna be short cash to close, they will be pretty aware by now.

[@Zondreia]

It sounds good 🗝 😊

[@Zondreia]

Hi again zondreia Barringer Hutchinson I bee having trouble login to account

[@fernandosandoval9306]

Do i need a butler afther buy the house!!!!!

[@cathymankin4340]

Yes! A large key. Lol.

[@JenniferBeeston]

🔑 ❤️🏡🎉

[@cathymankin4340]

Uh oh. Our closing day is late afternoon, and on a Friday. Ugh.

[@JenniferBeeston]

You got this;)

[@RABPWarrior]

Plan a celebratory meal with friends or family and wear a crown from Burger King

[@Redmaxberry]

Is guaranteed rate considered an online lender?

[@JenniferBeeston]

No we are actually one of the largest retail lenders in America with the most top loan officers. We do have a call center as well but it is very small and not the focus of the business.

[@Redmaxberry]

Thanks Jenn! 😁

[@WhengGee]

Does this affect my Lock in rate, because my closing day is gonna be my last day on my lock in rate.

[@JenniferBeeston]

If your rate is goof through then you will be good:)

[@Solid_Snack]

you have such a lovely personality. You are beautiful too

[@onyxmanufacturedhomes3061]

I would love to repost your videos on my social media accounts, do you have TIK TOK? I don't do much with KZbin

[@JenniferBeeston]

Hi, I don’t allow reposting of my videos on other accounts. Thank you for appreciating the videos though.

[@jerryjerrylee]

This woman is a dynamo!!!!

[@JenniferBeeston]

Thank you;)

[@tucoramirez9729]

Closed 8 months ago ,the entire closing consisted of me meeting my lawyer for first time in his office,,I signed/initialed a ton of documents and hand over a check for 33,000 that was it. Took an hour, broker left keys for me in mailbox of my new home, no big deal

[@JenniferBeeston]

Nice congrats on your new home;)

[@tucoramirez9729]

@@JenniferBeeston Thankyou

[@tjlivejaxkson231]

Well..I was just told I will be let go the same day closing scheduled.... not sure what gonna happen

[@tucoramirez9729]

@@tjlivejaxkson231 sorry to hear that

[@kfergus3662]

The buyer said he is paying closing cost..Ohio

[@lahannid]

This wire fraud stuff is scary. Yikes.

[@nisey088]

Agreed. I will just do a cashier's check.

[@kw7796]

You reminds me of LARRY DAVID'S TV WIFE. : )

[@RABPWarrior]

Noooo to ornamental keys 😂

[@JenniferBeeston]

It’s tragic agreed

[@RABPWarrior]

😢

[@dialecticalmonist3405]

I'm inheriting money from my dead parents. Probably going to skip the picture.

[@JenniferBeeston]

Not sure the circumstance for you but if I passed and my son used his inheritance to buy a house I would want it to be a happy moment. Not a sad moment. Just some food for thought.

[@dialecticalmonist3405]

@@JenniferBeeston It hurts more because I know that's exactly what she would want.

[@PopcornedPolitics]

Barbie

[@Maddenfoot24]

People are too sensitive nowadays people need to grow a pair of balls and stop crying

[@dembeesandgaa8008]

This video could've been 5 minutes. Rest is just her repeating and presenting too many examples

[@JenniferBeeston]

There are lots of other channels. Enjoy your search!:)

[@neelafung8787]

As a first time home buyer I appreciate the additional examples!

[@JenniferBeeston]

Thank you:)

[@egypt1279]

This video was PERFECT for me! I’m closing tomorrow.

[@arkmen1021]

Thanks for the suggestions 🫡

[@Alexacastilloo]

I’m a new LO and your videos help alot ❤