Helpful Tips: Steps in the Closing Process
Setting the closing date.
The closing date is set when your mortgage is approved and you sign a commitment letter with your lender. Make sure the closing date is before your lock-in rate expires.
Reviewing the documents.
Ask for the closing documents before the actual closing and read them carefully. It may be a good idea to have a lawyer review them with you. Understand what you’ll be asked to sign before the meeting.
Understanding the closing costs.
Closing costs can include many different things and can add up to a sizeable amount of money. Be prepared. Know exactly what’s included in your closing costs and the total amount you’ll be expected to pay at the closing meeting.
Attending the closing meeting.
Closing meetings are standard in the home buying process. You’ll sign documents like the closing statement, mortgage note, and truth-in-lending statement. Proof of insurance and inspections as well any monies due are required before you get the keys to your new home.



