Common Questions Borrowers Ask During a Loan Signing

Buying or refinancing a home is one of the biggest financial decisions most people will ever make. Even after reviewing their loan documents, it's completely normal to have questions when it's time to sign.
A notary signing agent is there to guide the signing process, verify identities, witness signatures, and ensure the documents are completed correctly. However, there are important limits to what a notary can explain. Here are some of the most common questions borrowers ask before and during a loan signing.
Can the notary explain my loan documents?
A notary may identify the purpose of a document and point out factual information that appears on the document, such as the loan amount, interest rate, monthly payment, or other printed information. However, a notary cannot explain the legal meaning of the documents, interpret loan terms, or advise whether a loan is in your best interest. Questions regarding your loan should always be directed to your loan officer, lender, escrow officer, or attorney.
What identification do I need for a loan signing?
In most cases, borrowers must present a current, government-issued photo ID, such as:

• Driver's license
• State-issued identification card
• U.S. Passport
• Another form of identification permitted under your state's notary laws

The name on your identification should closely match the name printed on your loan documents. If you have concerns about your identification before your appointment, contact your escrow officer or signing company in advance.
How long does a loan signing take?
Most residential loan signings take between 45 minutes and one hour, depending on the size of the loan package and whether one or two borrowers are signing.
If borrowers take additional time to review documents or need to speak with their loan officer, the appointment may take longer.
What happens if I have questions during the signing?
If you have questions about your interest rate, monthly payment, closing costs, loan terms, or other details within the documents, the notary will generally pause the signing so you can contact your loan officer or escrow officer.
It's always better to have your questions answered before signing than to complete documents you don't fully understand.
What if I decide not to sign?
You are never required to sign documents you are uncomfortable with.
If you decide not to proceed, simply let the notary know. The notary will notify the hiring company and return the unsigned documents. Depending on the circumstances, your lender or escrow officer may be able to address your concerns or reschedule the signing.
Can I change information in the loan documents?
Borrowers should never make handwritten changes to loan documents unless specifically instructed to do so by the lender or escrow officer.
If you notice an error or believe information is incorrect, notify the notary immediately. The notary will contact the appropriate party for instructions before the signing continues.
Can someone else sign for me?
Only the individual(s) named in the loan documents may sign unless a properly executed Power of Attorney has been approved by the lender before the appointment.
If you plan to use a Power of Attorney, notify your lender and escrow company as early as possible to avoid delays.
Can I sign my loan documents electronically?
Some lenders offer electronic or hybrid closings, while others still require traditional paper documents with ink signatures.
Whether electronic signing is available depends on your lender, the type of loan, and applicable state laws. Your lender or escrow officer can explain which signing method will be used for your transaction.
What is the Three-Day Right to Cancel?
For many owner-occupied refinance transactions, federal law provides borrowers with a three-business-day Right to Cancel, also known as the Right of Rescission.
This allows borrowers time to reconsider the transaction after signing. If you decide not to proceed, you may cancel the loan within the rescission period before the loan is funded. Keep in mind that this right does not apply to every type of loan. For example, it generally does not apply to home purchase transactions.
Final Thoughts
A loan signing should never feel rushed or confusing. Understanding the notary's role and knowing who to contact with questions helps make the process smoother for everyone involved.
A professional Notary Signing Agent is there to verify identities, witness signatures, and help ensure your loan documents are executed properly in accordance with state law. While remaining an impartial witness, the notary helps facilitate a smooth signing experience while directing any loan-specific questions to your lender or escrow officer.
Being informed before your appointment can help make your loan signing efficient, stress-free, and successful.