At the end of a long homebuying process, you’ll finally reach your goal: the day of closing. However, even though you’re at the finish line, closing on a new home is a process itself.
There are many steps to finalize your home purchase and just as many opportunities for delay. To make sure you’re prepared for closing day, here is a guide of what to have with you:
On closing day, you’ll need to confirm the identity of everybody named on the loan. If more than one person is listed, make sure they have their form of photo identification to show the title company.
Cash to close refers to the final closing costs you need to pay. Request a cashier’s check from your bank that covers final costs like down payment, prepaid interest, property taxes and insurance fees.
The closing disclosure is essential to finalizing your loan process. These documents include the final terms and details of your mortgage loan. Your lender can provide you with this information a few business days before closing.
Bring proof of your homeowners insurance policy at closing. Lenders require proof of insurance as a condition of loan approval. Have a copy of your policy declaration page from your insurance provider to show your mortgage lender.
Closing day is made up of several important legal transactions, and it’s important to have professional representation. Your real estate agent should be there to protect your interests and provide any guidance during the closing process.
Closing on a home is a major event. Not only is it the final step of your long buying process, it’s a process in itself. Remember this guide when preparing for closing day to ensure it goes smoothly and quickly.
A Realtor ® since 2010, I have earned a reputation for superior service and professionalism.
I base my business and relationships around a community that requires an expert who can represent them in transactions and deliver results with precision and within a timely fashion. I make it a priority to communicate throughout the buying and selling process making the transaction as transparent and smooth as possible.
I’m a member of the Orange County Association of Realtors, the California Association of Realtors and The National Association of Realtors.
It’s my pleasure to assist you!
Cell: 949-246-0456
Fax: 714-545-2878
Email: jeff@krausre.com
CA DRE: 01881012
BROKER CA DRE: 02025297