The closing process begins once all of the conditions of securing the loan have been satisfied and the loan has been approved. The loan documents are printed and sent to where the closing meeting will occur. This could be the title company or a closing attorney. This will be a large stack of papers.

The Closing Disclosure will be one of these documents. It looks similar to the Good Faith Estimate you got earlier. The information on this document is no longer an estimate. The costs of your loan are now confirmed. The law allows you to review the Closing Disclosure three days before the closing meeting. Any changes, other than typos and a few other allowable changes, restart the three-day review period.

You will have an opportunity to do a walk-through of the property 24-hours before the closing meeting. This ensures for you that the seller has moved from the property. It also confirms for you that the property is in the condition it is supposed to be in for you to take possession.

The closing meeting is culmination of this entire process. You will sign all of the loan documents and complete your purchase. The closing agent will provide you with a list of items to bring to the closing meeting. Some of these items will be official forms of identification (likely two) and a checkbook to handle any minor adjustments to settlement fees (the cost of the loan) or prepaid expenses (taxes, insurance, etc). You need to allow about an hour for the closing meeting.

Let our team of professionals help you.  Give us a call at 662-349-7920.