We often encounter a lack of awareness with clients when it comes to mortgage completion and vacationing, that I’m hoping to shed some light as to why it’s a good idea to vacation after the mortgage is complete.  There seems to be a mis-conception that people are free to go on vacation once the mortgage is approved and you’ve signed the documents. 

As a reminder, it’s best to remain in town until your mortgage and real estate transaction are complete.  Often there may be last minute requests from the lawyer or bank and if you’re not in town to deal with them, it may cause additional time and stress for you at closing. 

Here’s a rule of thumb to help avoid additional stress;  If you are in the process of taking a new mortgage on your new or existing home, please ensure you are in town during the closing process.  You need to sign at a lawyers office a couple days prior to closing and your file will not complete on time if you are not available for the required signatures.  Stay home until the mortgage closes and take as many or as long of a vacation you choose once it completes.  Otherwise you will cause unnessesary stress on yourself and your family if there is an unforseen request made by your lawyer that you no longer are able to deal with due to being out of town. 

That being said, when you do take your well deserved vacation….Enjoy!!