Congratulations! 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), the seller(s), attorneys, a real estate agent(s), and a representative of the lender / a closing agent.

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 the homeowner’s insurance.
• Resolve title questions.
• 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!

Continue 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!