Recently, the number of scams has increased involving the Employee Retention Credit (ERC), a refundable tax credit for some businesses and tax-exempt organizations that were affected during the COVID-19 pandemic. Scammers are using the publicly available information of Paycheck Protection Program (PPP) loan applicants to contact by them by phone, letter, email, and texts offering […]
Congratulations, all your hard work has paid off! The closing is a huge milestone in purchasing your home and if all the documentation has been completed correctly, the closing should almost be a formality. You should expect the closing to take 1-1.5 hours. The people that may be present at the closing are: Buyers with […]
Homeowner’s Insurance is one of the last, and sometimes overlooked, conditions you’ll have to satisfy for your mortgage. Homeowner’s Insurance is a policy that typically covers losses to one’s home, its contents, and personal property as well as liability insurance for accidents that may occur at the home. Contact your insurance agent to open a […]
When you apply for your mortgage Sawyer Savings will order certain services to complete the process. First, Sawyer Savings gives your loan package to a Sawyer Savings processor. They may request additional information from you if needed and will also supply you with certain disclosures required by law. The processor will request an appraisal, which […]
Contact Sawyer Savings to inform us that you have signed a Contract of Sale or binder. We may ask that you bring in or send the following information: Binder or Sales Contract. Verification of Income: last two years W-2’s, most recent pay stubs from the last month, past three years tax returns and YTD Profit […]
Once your attorney receives the contract of sale and inspection report, you will be contacted to discuss them. Your attorney should advise you if there is anything of concern in either the contract or the inspection report that needs further discussion with the seller and seller’s attorney. If any issues arise from the inspection you […]
It is HIGHLY recommended that you have a home inspection conducted by a licensed property inspector BEFORE signing the contract. The property inspector can perform additional tests that may be required such as water, septic, and radon tests. Feel free to contact Sawyer Savings, your realtor, or your attorney to ask for names of property […]
Now that you have an accepted offer, it is time to hire a real estate attorney to review and supply upcoming legal documents: Binder Inspection report Legal documents associated with the property (potential tax liens, documented property lines, property title, etc.) Contract Along with your realtor, your attorney will be attending your home closing to […]
Sawyer Savings Bank is pleased to announce that Jennifer Alnwick has recently been promoted to the position of Vice President, Commercial Lending. “Jennifer has been an important asset for our team since she joined Sawyer Savings Bank,” said James Whitaker, President. “Working with her over the last year, I’ve developed tremendous respect and trust for […]
After looking at various houses with your realtor, you finally find a house you would like to make an offer on! Your realtor will be an important ally in the offer/negotiation process. They know the surrounding real estate market and current real estate trends. They will remind you about key factors in making an offer: […]