Common Loan Types
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palm coast notary - flagler county notary - flagler county floridaMortgage Closings
A mortgage loan is a loan for which real estate serves as collateral for repayment in case of default.

palm coast notary - flagler county notary - flagler county floridaRefinance Closings
Refinancing refers to the replacement of an existing debt obligation with a debt obligation bearing different terms. A refinance closing can take place to reduce interest rate/interest costs (by refinancing at a lower rate), to extend the repayment time, to pay off other debt(s), to reduce one's periodic payment obligations (sometimes by taking a longer-term loan), to reduce or alter risk (such as by refinancing from a variable-rate to a fixed-rate loan), and/or to raise cash for investment, consumption, or the payment of a dividend.

palm coast notary - flagler county notary - flagler county floridaReverse Mortgage Closings
A reverse mortgage enables older homeowners (62+) to convert part of the equity in their homes into tax-free income without having to sell the home, give up title, or take on a new monthly mortgage payment. The reverse mortgage is aptly named because the payment stream is “reversed.” Instead of making monthly payments to a lender, as with a regular mortgage, a lender makes payments to you. You may visit http://reversemortgage.org for more information pertaining to reverse mortgage closings.

palm coast notary - flagler county notary - flagler county floridaHome Equity Loan Closings
A home equity loan closing, (aka HELOC), is a credit line that is kept open and restored as you pay off what is owed. An equity line of credit also has a high credit limit similar to a credit card that you are allowed to draw upon as needed. Most lenders require interest only payments each month, allowing you the flexibility to pay down the principal of the loan when you can.

palm coast notary - flagler county notary - flagler county floridaFHA Loan Closings
FHA loan closings are fixed- or adjustable-rate loans insured by the U.S. Department of Housing and Urban Development. FHA loans are designed to make housing more affordable, particularly for first-time homebuyers.

palm coast notary - flagler county notary - flagler county floridaLoan Modifications
A loan modification is a permanent change in one or more of the terms of a mortgagor's loan, allowing the loan to be reinstated, and resulting in a payment the mortgagor can afford.

Other Services
Any legal document requiring a witness and/or notary signature can be scheduled through Flagler County Notary. We are experienced with all types of legal documents, including the following:

palm coast notary - flagler county notary - flagler county floridaBank Card Advances
Bank Card Advance signings are completed for merchants looking for a method of obtaining capital quickly, based on their monthly credit card sales.

palm coast notary - flagler county notary - flagler county floridaPre-Closing Packages
A pre-closing package includes a number of federal and state-specific disclosures that should, but may not be legally required to be, re-disclosed to the borrower because of a change in fees and charges, and/or the interest rate in the loan transaction; in addition to state-specific disclosures that applicable state law requires be delivered to the borrower prior to the closing date of the loan.

The “core” documents included in a pre-closing package consists of the following federal disclosures:

  • Uniform Residential Loan Application (1003)
  • HUD/VA Addendum to the Uniform Residential Loan Application (FHA/VA only)
  • Good Faith Estimate of Settlement Costs
  • Itemization of Amount Financed
  • Truth-in-Lending
  • Uniform Settlement Statement (HUD-1 or HUD-1A)
  • Initial Escrow Account Statement

palm coast notary - flagler county notary - flagler county floridaNotarized Cash Purchases
A cash purchase closing is when a property is acquired with no financing. Our signing agents will present your documents for signing and notarization and collect any funds due and return them to your company via the overnight service you request.

palm coast notary - flagler county notary - flagler county floridaStructured Settlement Closing Services
A structured settlement is a financial or insurance arrangement, including periodic payments, that a claimant accepts to resolve a personal injury claim or to compromise a statutory periodic payment obligation. Structured settlements are an alternative to lump sum settlements. Structured settlements may include income tax and spendthrift requirements as well as benefits.

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