Closing on your home loan is a big deal. You've put in an offer, you've gotten an approval, and now all that's left is for the lender to sign off and give you the keys to your new home. This process can be quick and painless, or it can drag out resulting in not closing in time—and there are a lot of factors that go into determining which happens. Here are some tips to help you close quickly on your house:

You can get a mortgage quickly and save money if you prepare beforehand.

If you want to close on a home loan quickly, the first thing you need to do is make sure that your finances are in order. Determine how much money will be available for a down payment and closing costs. Make sure that you have enough income and assets to qualify for the mortgage, and determine which types of debts (e.g., credit cards) may affect your ability to get approved for a loan.

To find out what kind of interest rates are currently being offered by lenders in your area, speak with an experienced mortgage broker or real estate agent who can help guide you through this process (and keep in mind that rates vary widely from one lender—or even from one branch within one lender’s network—to another).

Get your finances in order and stay there.

To start, you need to make sure your finances are in order. Your most important number is your credit score. If you want to close on a home loan fast, keep your credit score high and don't take on new debt. That means no new credit cards and no home equity loans or car loans or personal loans or payday loans (and so forth).

You also want to avoid taking out any kind of loan while working with a lender. Banks can check whether you've applied for other mortgages within the past 60 days—even if they didn't approve them—so this will hurt your chances of getting approved later if it looks like you're just trying to borrow from one bank after another until one bites.

Get your documents ready.

• Get your financial documents ready

Make sure you have a copy of every single bank statement or credit card statement for the last two years. This will make it easier for the lender to verify your income and prove that you're able to pay back the mortgage. Also, bring in any new forms of ID you may have recently obtained (like an updated driver's license) so they can be scanned into their system right away. If there are any past tax returns that need to be pulled, do it now—they'll need them as well!

Shop wisely for a mortgage.

If you're trying to close on your home as quickly as possible, the planning stage is where you can make or break your chances. Shop wisely for a mortgage.

• Know what kind of mortgage will work best for your situation and why. Just like when shopping for any other product, it's important that you understand what each type of mortgage offers before making an investment in one. Some mortgages are better suited for people who want to lock in their interest rate over an extended period; others may be better fit if someone expects to move soon after taking out the loan.
• Be aware of all fees associated with closing on a home loan fast (and there will be many). Fees vary from lender-to-lender but most include points paid at closing and origination fees (among other things). Having some money set aside can help buffer unexpected costs like these which could end up costing thousands of dollars more than expected -- so don't be afraid to ask questions!

Solve any problems with your credit early on.

The first thing you should do is examine your credit report for errors. If there are any, have them corrected immediately. You can also work to improve your score by paying off as much debt as possible and keeping up with payments on time.

If you have any other debts besides a mortgage application being considered, this will also help your chances of getting approved for the loan. For example, if you are applying for a car loan at the same time as applying for a home mortgage and want to buy both things at once, it's best not to take out another personal loan or credit card while waiting on one piece of paperwork since this can lower the amount of money available to borrow overall (the more debt someone has becomes harder) and increase interest rates on loans taken out later down the road due in part because they want their money back plus whatever profit they made off those funds during that period without having made any effort toward repaying anything themselves).

Also keep in mind that if there was ever an instance where someone filed bankruptcy or foreclosure after which they began making payments again within seven years before beginning work towards purchasing another house then those details need disclosed upfront so lenders know about potential issues such as having been sued by creditors or having lost property due bad financial decisions made prior before deciding whether or not lend

Make an attractive offer.

One of the most important things you can do to win over a lender and close on a home loan fast is to make an attractive offer. This means your offer should be competitive with what other buyers are offering, in line with current market price, and attractive to both the seller and lender (as well as yourself).

The first step to making an attractive offer is determining how much money you want to spend on your new home. Once you've come up with an amount that works for you—or if there's already a listing price—look at comparable properties sold in the same area as yours. You'll want to find out how much they sold for during their most recent sale; this information should be easy enough for any real estate agent or broker to get from their databases.

Pay down your other debts to help you qualify for a mortgage.

Paying down your other debts will also help you qualify for a home loan. A debt-to-income ratio of 36% is ideal, meaning that you should have no more than $1 for every $3 earned in gross monthly income. If your debt-to-income ratio is higher than this, consider paying off your highest interest rate card first and then using those extra funds to pay down another debt with a lower interest rate.

If you can't pay down these debts or consolidate them into one place where they are easier to manage, at least make sure that all of them are being paid on time and the minimum monthly payment is being met each month as well.

Conclusion

If you follow these steps and pay down your other debts, a home loan will be within your reach.