When you purchase a home, the most exciting part of the process is the day you finally are handed the keys. But, before this happens, you will need to sign some important papers to close the deal. Closing day is going to be a busy one with your mind on moving into your new home, but it is important to know what will happen at the closing table so that you are prepared.
Generally, the closing will happen at the office of the settlement agent (potentially an attorney, depending on which state you close in), or the closing could take place at one of the real estate agent's offices or my office. Your real estate agent, the seller's agent, the title agent and a notary may be there. I will also make my best effort to be there in case you have any last-minute questions.
Be sure to bring your ID (if there is a co-signer, please make sure they have their ID as well). We will have already discussed whether you are wiring the money or bringing a certified check for costs such as down payment, taxes, insurance or other closing costs. Don't worry; I will make sure you are well-prepared.
You can then read, ask questions about and sign the loan documents that we have prepared for you. Included in this paperwork is going to be your Closing Disclosure (which we will have reviewed together before closing), the promissory note (which says you will repay the loan amount that you are borrowing) and the deed of trust (also known as the lien on the property). If you have questions about these, please do not hesitate to ask me.
My goal is to fully prepare you for what will happen at the closing table. We will talk often before then, and I will answer questions you may have and do my best to make this a stress-free process for you.