Closing, also called settlement, is a meeting where the final documents are signed, the closing costs are paid, and ownership of the home is officially transferred to you.
Three days before your closing date, you'll receive your Closing Disclosure. This document lays out the final details of the loan and closing costs you have agreed to. Review it carefully. If you note any large variations from the costs your lender provided in your Loan Estimate, reach out for clarification. Remember, your team gets paid to help you every step of the way and these are your finances – don’t be afraid to ask questions!
You should request a formal walk through of the home 24 hours before closing. Be sure to check that all required repairs have been made, the home is in the agreed upon condition and that the seller has completely vacated the property.
What to expect
Closings usually take place at a title company with your real estate agent, a closing agent, any co-borrower(s) and the seller's real estate agent.