After closing a home loan with the best mortgage lender in Dallas (#humble, #SEO) there are still some “to do” items to save you time and money. Therefore, we’ve compiled a helpful list since we want to be your top recommended mortgage broker in Dallas. Our recommendation is to set appointments with yourself on your calendar (like Outlook, Google Calendar, etc.) and include this page’s URL as a reference. You’re welcome to call us if you have any questions.
After Closing a Home Loan
There are a number of things do to that can easily go by the wayside after closing a home loan because you’re busy with life. While most of the links below pertain to purchasing a home, we have put a green (R) next to the items that are applicable to you refinancers.
Next 30 Days
The following items are things you need to do (or watch for) over the next 30 to 60 days after closing a home loan. The most noteworthy is watching for that first payment letter that provides details on how to make your first payment.
- Finish Your Moving Checklist
- Call Home Warranty Company (if you have one and need something fixed)
- Make First Payment Details and Setup Auto Draft (R)
- Watch for Potential Post-Closing Conditions (R)
- Ignore Junk Mail… It’s Coming (R)
- File Over 65 and Disabled Person Exemption (if applicable)
Our recommendation for the items below is to set an appointment with yourself on your calendar (like Outlook, Google Calendar, etc.) and include this page’s URL as a reference.
- File Homestead Exemption (if primary residence) – in January
- Get Income Tax Deductions – March or April (or whenever you do taxes) (R)
- Watch For An Escrow Analysis (if you escrow) – around February or March (R)
- Watch for a New Construction Tax Jump (if new construction) – happens with Escrow Analysis
- Contest Property Value for Tax Purposes – do annually in April (R)
- Get Pro-Rated Taxes From Seller – in January (or once your taxes are paid)
Future – Down the Road (R)
The items below are often overlooked because there’s no definitive timeline for these. We recommend setting an annual reminder on the anniversary of your closing for these items just to ensure everything is in order.
- Do a Loan Recast (if you want)
- Setup Bi-Weekly Payments (if you want)
- Cancel Mortgage Insurance (if applicable)