Notarizing Loan Documents – Choosing the Right Notary Public
Buying your dream house is one of the best moments in life, but it’s also a very stressful and exhausting time. Buying a home isn’t as simple as paying the buyer full in cash and getting the house keys in return. It’s a long process that involves extensive documentation, especially if you’re buying a house on loan. The thing that makes the entire process all more critical is that some of the loan documents during the process need to be notarized.
You can’t just trust any notary public for notarizing your loan documents. You should make sure you’re hiring the right professional to do the job for you because even the slightest mistake can prolong the process by several months. Let’s have a look at some tips that will help you choose the right notary public for notarizing loan documents.
Specialization
You should only hire a notary public who specializes in mortgage-related matters. Not all notary publics have got all the knowledge and know-how of the ins and outs of this area. Only someone who specializes in this very area will be able to do it all right. A notary public who specializes in notarizing loan documents has got the right training on the right way to facilitate the loan process and notarizing mortgage loan documents. They will understand the language of these documents better, and therefore, will be able to guide you in a better way.
Experience
Always hire someone who’s got a considerable amount of experience. Loan documents are quite technical. They’ve got minor details that you just can’t afford to overlook. The information may even confuse you. Working with a notary public who doesn’t have much experience facilitating the signing of loan documents might overlook important details or get confused –something you wouldn’t want to risk.
Service Areas
Another important factor that you must consider when hiring a notary public for notarizing loan documents is the service area where they operate. The notary public might have an office near you, but it might be too far for the seller or vice-versa. If you and the seller have agreed to meet somewhere specific, the notary public may not be willing to travel to that location. It’s best to hire a mobile notary public who can come to you or decide on a notary public mutually who’s accessible to both you and the seller.
Fee
The fee is, of course, one of the most important factors. The notary public may be everything you need, but their charges may be too high. Take quotes from at least 3 notary publics and choose the one that appears most reasonable to you.
Choosing the right notary public for notarizing loan documents is extremely crucial. One mistake, and you might just end up losing the deal. Always do your homework well and choose the best notary public for signing loan documents. That’s the only way you can get through the process of buying your dream house with minimal stress.