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Bring a cashiers
check to the closing: Personal checks are
typically not accepted at closing—in fact,
they can actually delay closing until the check
clears your bank. To avoid these problems, bring
a cashiers check for the amount of your down payment
and any closing costs required. |
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Review your final loan documents:
Double-check your final loan documents, paying special
attention to the interest rate, loan terms and names/addresses
information. |
|
Bring identification:
You will be asked to verify your identity so bring
appropriate identification such as a state-issued
drivers license) and proof of insurance. |
|
The closing attorney
sends all completed loan documents to the lender
for review. |
|
The lender reviews the documents
and arranges for the funding of the loan (assuming
that all the paperwork is in order). |
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The closing attorney ensures that
the mortgage note and deed of trust are recorded
by county recorder's office where the property is
located. |
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After the recording, the closing
attorney issues final disbursements after printing
final settlement costs on the HUD-1 Settlement Form. |
