You're almost a homeowner! The "closing" is when the
final loan documents are signed, and the mortgage funds are paid out.
Once your loan is approved and cleared for closing, you and the seller(s)
agree upon a date to meet and officially transfer ownership of the home
to you. The
closing meeting is typically attended by the buyer(s), seller(s), attorneys,
real estate agent(s) and a representative of the lender / a closing
At the closing, you'll receive and review some very important documents.
This is not the time to be shy! If you have questions about the paperwork,
just ask. And if you spot an error, say so - and don't sign the document
until the issue is resolved.
Here are some
things you can do ahead of time to ensure a successful closing:
- Fulfill any conditions
specified at the time of your loan approval.
- Obtain homeowner's
- Resolve title
- A final walk-through
of the home to ensure any agreed upon repairs have been completed
by the seller.
- Review the final
estimates of your closing costs.
- Prepare a certified
check or money order.
- Grab your keys
and sit back and relax! Welcome Home!
reading for more information on "Rates and
Points" that you will need to know about in order to be
better prepared for a California Mortgage Loan!
Use our quote
form, a mortgage feature on California Mortgage & Home Equity
Loans, Co. to locate a lender in your area offering the mortgage
product that best suits your needs. The independent lender you select
will work with you to help find a low-cost mortgage that meets your
needs. Apply today!