@venasera03 wrote:
Our closing date is set for Sept 19th. That is 7 days away and we still haven't gotten the official clear to close. We sent the conditions back to underwriting today. To top it off. I'm confused about buying the homeowners insurance. I asked my LO when i should purchase and he said sometime next week. I'm scared if i dont purchase now it might hold things up. I don't want to mess up my closing. Should i purchase now? Or wait till he tells me to? Is there some sort of info I need before I purchase and that's why he's having me wait? Help! Lol
Your LO is a knucklehead.
You need to get a written quote on the homeowner's insurance to the closing agent because the actual premium will be paid at closing ... not while you are still waiting for your clear-to-close decision from the lender.
It sounds like this is the first time that you are purchasing a home. If yes, then just contact a couple of insurance companies based on the info they will request from you, compare them and then decide which you will accept. It is that simple. Your LO could have told you that ... if that LO was a professional.
