Blog

Documents to Keep for Homeowners

Whether you have just closed on a new home purchase or are trying to get years of homeowner documents in order, knowing what to keep and what to get rid of is key. Before you shred any old papers, make sure that you set these documents aside.

Documents to Keep for Homeowners

Closing and Mortgage Documents: Keep everything related to the purchase of your home. You may need it come tax time and you will definitely need it if you sell your home. Even if you plan to keep your home for the long-term, hang onto these key documents to show how much you initially paid. It is important to keep them for the life of the mortgage.

Receipts for property improvements: If you do sell, some property improvement costs can be written off against any profit that you may make on the sale. While this won’t be the case in every situation, it’s helpful to have them on hand so that a tax professional can help you determine which ones apply.

Maintenance records: Keeping a detailed record of maintenance on your home can help technicians if they do need to come out for a problem. Knowing the last time that the air conditioning was serviced or the water heater was replaced steers their troubleshooting process. It may also indicate that your system or parts are still under warranty from the manufacturer.

Insurance documents: Always know how to access your insurance policy, coverage, and key phone numbers. Some insurance companies keep this information online as well. Having a hard-copy backup in case of emergency is also a good idea.

Refinance documents: If you have refinanced your home, keep all closing documents related to the refinance. Treat these the same way that you would your initial home loan and mortgage documents.

Author Bio: Greg Sandler
Greg Sandler is a distinguished leader and strategist in the mortgage and real estate investment industry. With over two decades of experience, Greg has honed his expertise in guiding his clients to build wealth through real estate.

Greg Sandler has direct and first-hand experience as co-founder and CEO of USA Investment Group Management Inc., focusing on growing real estate holdings and diversified asset portfolios. Under Greg's guidance, the company has executed hundreds of traditional real estate acquisitions and currently manages a substantial portfolio of rental units.

Greg also has a track record of driving multi-million-dollar revenues and leading high-performing teams to success in mortgage loan originations, achieving the prestigious "Top 1% Originator" status in consecutive years. Currently steering the helm as the President at USALending.AI in Keller, TX, Greg has revitalized this division of a mortgage bank, significantly expanding the company's scale.

Prior to this, Greg's role as Senior Vice President at Fairway Independent Mortgage Corp in Rocklin, CA, was marked by his pivotal contribution in establishing the company's presence in northern California and northern Nevada. Under Greg's leadership, his team of nearly 110 dedicated mortgage professionals originated and funded approximately $800 million in residential mortgages annually.

Greg's professional journey is marked by his exceptional skills in negotiation, sales leadership, financial analysis, and P&L management. His ability to strategize, coupled with his in-depth knowledge of the mortgage and real estate sectors, makes him a visionary leader and a respected figure in the industry.

To book a call with Greg Sandler, please visit: www.calendly.com/greg-sandler

Related Posts

Back To Top