What exactly will happen at closing?
At the closing, you will most likely sit at a table with one of us, a closing agent, the seller’s broker, and probably the seller. The closing agent will have many papers that you and/or the seller will need to sign. The closing agent will provide a brief explanation of each document, but you may want to read each one and ask us for additional explanations, to be sure that you know just what you are signing. Before the closing, the mortgage lender is required by law to provide you with a booklet about the closing costs, a “good faith estimate” of how the amount you’ll have to pay at closing, and a list of documents that you need at closing. If you do not receive these documents from your lender, be sure to call the lender before the closing. Also, be sure to read the HUD booklet on settlement costs; it will help you understand the closing procedure and your rights in the process. Please feel free to ask questions. We will be happy to answer them to the best of our ability.
