Congratulations—you’ve made it to the final step of the homebuying journey! In our final Homebuyer Bootcamp session, Closing Day & Beyond, we wrapped up the series with everything you need to know about completing your purchase and stepping confidently into homeownership. If you missed the live event, no worries—you can watch the recorded webinar below and learn from our expert panel featuring Christina Kass and Amanda Shamoun from Vanguard Title.
Watch the Full Webinar Recording
This session breaks down every detail of the closing process—and what comes next:
What to Expect from the Title Company on Closing Day
- Final Walkthrough: Ensure the home is in the expected condition with your real estate agent before signing.
- Reviewing the Closing Disclosure: Double-check loan terms, fees, and payment breakdowns.
- Signing Documents: Be prepared to sign the mortgage note, deed of trust, and final loan documents.
- Title Transfer & Funding: The title company manages document recording and fund distribution.
- Receiving the Keys: Once the process is complete, you’re officially a homeowner!
Closing Costs vs. Down Payment
- Down Payment: Typically 3% to 20% of the purchase price, paid upfront.
- Closing Costs: Usually 2% to 5% of the purchase price, covering services like appraisals, title insurance, and lender fees.
- Reducing Costs: You may negotiate seller credits or work with lenders offering concessions for slightly higher interest rates.
Maintaining Your Home Moving Forward
Homeownership doesn’t end with the keys—it starts a new chapter of responsibilities and rewards.
Home Maintenance Essentials
- Annual Inspections: Check your roof, plumbing, and HVAC systems yearly.
- Seasonal Upkeep: Clean gutters, trim landscaping, and prep for seasonal changes.
- Emergency Fund: Always have funds ready for surprise repairs.
Understanding Homeownership Costs
- Property Taxes & Insurance: Stay on top of due dates and coverage needs.
- Utilities & HOA Fees: Budget for recurring monthly expenses.
- Long-Term Improvements: Plan for upgrades and renovations that add value and comfort.
Join Us for More Events
This marks the end of our Homebuyer Bootcamp series—but it doesn’t have to be the end of your learning. Stay connected with People Driven Credit Union for future workshops, webinars, and member-exclusive events. We’re here to support you through every step of your financial journey—whether you’re just moving in or planning your next big investment.
Still have questions? Reach out to us at PeopleDrivenCU.org/Contact or call 844-700-PDCU (7328). We’re here to help you succeed in homeownership and beyond.
Disclosures
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Equal Housing Lender. Member First Mortgage, LLC (MFM) NMLS ID# 149532. All loans are subject to credit approval. Terms and conditions apply. Mortgage insurance may be required based on borrower qualifications. Program availability is subject to change without notice. |
Mortgage rates change daily; therefore, inquire with PDCU for current mortgage rates.
Enjoy the added convenience of making payments with direct deposit. *Use of a calculator tool is not a guarantee of credit.
*Available to all borrowers using a Conventional or Government mortgage loan program on a purchase or refinance transaction with People Driven Credit Union, NMLS ID# 776727, and Member First Mortgage, LLC (MFM), NMLS ID# 149532 only. All loans are subject to approval. additional restrictions may apply.
- Lower your monthly mortgage payment
- Eliminate Mortgage Insurance payments
Closing Costs Promo:
Conventional Disclosure: Available to all borrowers using a conventional mortgage loan program on a purchase or refinance transaction with People Driven Credit Union, NMLS ID: 776727, and Member First Mortgage, LLC (MFM), NMLS ID: 149532. Eligibility requires a borrower credit score of 620 or higher; detached, owner-occupied properties only. Refinancing an existing mortgage loan may result in higher total finance charges over the life of the loan. This is not a commitment to lend.
Member First Mortgage, LLC is an affiliate of People Driven Credit Union.
- People Driven Credit Union: 24333 Lahser Rd., Southfield, MI, 48033 | (248) 263.4100 | NMLS ID: 776727.
- Member First Mortgage, LLC Corporate Office: 616 44th Street SE, Grand Rapids, MI 49548 | (866) 898.1818 | NMLS ID: 149532.
Equal Housing Opportunity.
Example: Based on a $200,000 loan with a conventional 30-year fixed rate term (360 monthly principal and interest payments of $1,280.62, not including taxes and insurance); annual percentage rate (APR) of 6.732%. The down payment assumes a 5% cash requirement by the borrower, with 95% financing.
The cost of Private Mortgage Insurance (PMI) is waived as part of this promotion, to be paid by the Lender. This is not a commitment to lend. All lending products are subject to credit and property approval. Refinancing an existing mortgage loan may result in higher total finance charges over the life of the loan. People Driven Credit Union 24333 Lahser Road, Southfield, MI 48033 | (248) 263.4100| NMLS ID: 776727.
$100,000 – 30-year term at the interest rate of 7.928%, the monthly payment would be approximately $729.
Payment Examples Do not include taxes and insurance; the actual payment obligation will be higher.
*APR = Annual Percentage Rate. Your actual APR will be determined at the time of disbursement and will be based on your application and credit information. Rates quoted assume excellent borrower credit history. Not all applicants will qualify for the lowest rate.
SAFE Act Compliance Testing:
We conduct annual independent testing of our mortgage compliance in accordance with the SAFE Act (Reg G) requirements.
All other trademarks are the property of their respective owners.
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People Driven Credit Union is an Equal Housing Opportunity Lender NMLS #776727 |
