Email :
Questions Call us : (800) 826-5077

Preparing To Close


  • Home
  • Preparing To Close Your Loan

Prior To Closing

The day before you’re scheduled to sign your loan papers, you will receive what is called a closing disclosure, which itemizes all the various charges, fees and credits related to your transaction. These costs will also have been provided to you early on in the form of a cost estimate which lists potential charges you will see at your settlement. If there are any questions, speak with your loan officer. You can expect a final closing amount slightly different than originally disclosed, but this is normal. Any new charges you weren’t made aware of initially aren’t your responsibility.

You and your agent will visit the property one more time for a final walk-through. During your walk-through, you’ll notice any needed repairs that have been completed. Did the sellers perform the requested actions listed in the sales contract? This is your last opportunity to make sure the sellers agreed to the letter the terms of your contract.

At The Closing Table

  • Your settlement agent will provide a stack of closing documents for your review, signature and initials. Read through your documents carefully and if there are any questions, now’s the time to ask. Once you’ve signed all your paperwork, you will provide the necessary funds typically in the form of a cashier’s check or bank wire.

  • The settlement agent returns the signed documents to the mortgage company who will then review all the paperwork, making sure the settlement agent followed the lender’s instructions to the letter. Once the lender has made this determination, the settlement agent is provided a “funding number” which is essentially a code that unlocks the mortgage funds from the lender’s bank.

Congratulations On Your New Home!!

Home Buying Information – Expert Mortgage Loan Advice

cash out refinance

Refinance Cash Out and save!

Use your home’s equity to get quick, easy access to cash Consolidate high-interest debt and lower your monthly payments Make big bills and unexpected expenses

Read More »
super jumbo home loans

Jumbo and Super Jumbo Home Loans is proud to cater to homeowner’s and buyers that have a variety of unique financial needs. We take the time necessary to understand your individual

Read More »
Close Menu