Loan Post-Closing FAQs

We have the answers to the most common questions after you close on your loan.

Have questions about what happens after you close?

We have answers. Please feel free to reach out directly to our loan officers if you have further questions. We look forward to hearing from you!
There's a very good chance your loan will be sold. This is not uncommon in the lending industry, and we do this so that we have the capital to finance more loans like yours. Just know that your loan terms will not change, you will be notified at least 30 days in advance and if you ever have any questions about your loan we will be here to answer them. We know that part of the reason you went with NASB was because of the trust that was created, and we will make sure your new lender will give you the same trust and respect.
Yes! Paying your loan off early can save money on interest, potentially thousands of dollars if you knock off a just a few years. There are a couple of ways you can go about doing it. The easiest is to just make extra payments outside of your normal monthly payments, either by increasing the monthly amount or making an extra payment per year. Make sure all extra payments are applied totally toward principal. Check with your lender to make the route you choose doesn't result in extra fees.  The second way is to refinance your loan to a shorter term. Loans with shorter terms usually have lower interest rates, so this can save you money on interest as well as paying of your house sooner. 

Before you start decorating or hosting any parties, here's some things you should do: 

  • Make copies: The documents you signed at closing are legally binding. Make copies of each page for your files.
  • Change your locks. Chances are, you don’t know everyone who had access to your home while it was on the market. Re-keying all of the locks in your new house on the day you move in will help keep you, your family, and your belongings secure.
  • Cover your windows. During the move-in process, you’re likely to have plenty of boxes laying around. If the home doesn’t already have window coverings, you can avoid being a target for burglars by covering your windows with blinds, curtains, or even paper as a temporary fix.
  • Greet your neighbors. Become comfortable in your new surroundings by meeting your immediate neighbors, at the very least. Exchange information in case of any future emergencies.
  • Add to your speed dial list. You’ll want to have the phone numbers for your insurance company, warranty company, and locksmith handy at all times...just in case. If you ever happen to be in a situation where you might need to call one of these, you probably won’t be in the state of mind to search around for information.

 

You can refinance anytime after you close on your loan, but you should make sure the costs associated with refinancing justifies going through with it. Some reasons why you may want to refinance quickly after closing include:

  • Interest rates suddenly dropped drastically
  • You need a lower monthly payment due to unforeseen circumstances
  • Your credit score significantly increased
  • You no longer want an adjustable rate mortgage
  • You want to tap into your equity with a cash-out refinance
Yes! You make payments on your NASB loan quickly and easily, anywhere you have internet access. We have two ways you can pay online, by making a secure payment from a non-NASB account (transaction fees may apply) or by transfering a payment from a NASB checking or savings account via Online Banking. Click here for more information.
Cindy L.
My experience with NASB was exceptional. Everyone went above and beyond. They made the transition from applying for a loan to finalizing very easy and stress free.

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More than $17 billion in home loans in the last decade

Based on lender data

More than 63,000 home loan customers in the last decade

Based on lender data

99% of customers would recommend NASB

Based on 2,615 NASB closed loan customer surveys from 1/1/2018 to 5/28/2019

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