Close Your Loan

After your loan is approved, you are ready to sign the final loan documents. You will review the documents prior to signing and make sure that the interest rate and loan terms are what you were promised. You will also verify that the name and address on the loan documents are accurate. The signing normally takes place in front of a notary public.

There are also several fees associated with obtaining a mortgage and transferring property ownership which you will be expected to pay at closing. Those fees will be disclosed upfront at the very beginning of the loan process. Bring a cashiers check for the down payment and closing costs if required. Personal checks are normally not accepted. You also will need to show your homeowner's insurance policy, and any other requirements such as flood insurance, plus proof of payment. We will fully prepare you ahead of time with all you will need to know and have to be ready at your closing.

Your loan will normally close shortly after you have signed the loan documents. On refinance and home equity loan transactions federal law requires that you have 3 days to review the documents before your loan transaction can close.