Closing your loan
Homeownership is right around the corner, but first, it's time to lock down all the details and close the deal.
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.
Get prepared
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.