As one of the most important steps in the purchase process, closing on your home can be both an exciting and nerve-wracking experience. To ensure the transaction goes smoothly, it is important to be prepared. Here are the documents you will want to take with you when you attend your closing appointment:
Be sure to bring your state issued ID or passport when you go to your closing appointment. Your signature will be notarized on various loan and title documents.
Much of your funds are likely tied up in escrow prior to closing. However, there may be a difference needed to cover the closing costs that you will need to bring with you on your settlement day. Make sure you have funds available in your account prior to the day of closing, and confirm what type of payment will be accepted before the appointment.
If there is additional paperwork that you have not yet provided to your title or mortgage company, you will want to bring these along for the closing appointment. This could include homeowner association approval letters, or other outstanding documents such as your homeowners insurance policy.
Most commonly, you will be meeting with the seller and a closing agent from the title company. Your mortgage agent or real estate agent may also attend and help guide you through the closing. There is quite a bit of paperwork involved in transferring ownership from the seller to the buyer, so be prepared to sign many documents, and plan for at least an hour to complete the full transaction. Once all of the documents are signed, keys will be handed over and the home is officially yours!
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