Closing Attorney Loggers Run:
What Happens On The Day Of Closing
Finally saying that a property is your can be a long and tedious process that can be made easier with the expertise of a Closing Attorney Loggers Run. The final step is called the closing process. On the actual day of closing, you will meet with various legal representatives to sign your mortgage and other documents, make any required payments and receive the keys to your new property. Here is what happens on the actual day of closing:
- You review and sign all your loan documents. Make sure you understand the terms of each document. If something is different from what you expected or agreed to, don’t sign until you resolve the issue.
- You provide documentation of homeowners insurance and inspections (if applicable).
- You give a certified or cashier’s check to cover the down payment (if applicable), closing costs, prepaid interest, taxes and insurance. You could also send these funds in advance via wire transfer.
- Your lender distributes the funds covering your home loan amount to the closing agent.