Closing your loan
Your home has been inspected. All contingencies have been met. Your mortgage has been approved. Your stars have come into alignment. All your ducks are in a row.
What happens next? You close the deal!
And exactly what happens at an actual real estate closing, you ask? There is no such thing as a standard closing procedure that is followed in all areas of the country. What is standard, though, is the outcome of the procedure: You settle all the financial details associated with the purchase and receive title to your new home.
Read on to find out:
- who’s involved,
- what documents to bring,
- how to prepare,
- what happens during the closing meeting and
- what happens after
