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.
Meet Norma, a trusted realtor in Middle Tennessee. With over 20 years of experience living in Smyrna with her husband and two children, she has a deep understanding of the local community. Norma's background in customer service and the medical field has given her the skills to provide excellent care and service to her clients, no matter the price point of their home.
With a passion for service and a commitment to professionalism, Norma strives to make each client's experience smooth and memorable. As a real estate agent, her first priority is education, as she listens to her clients' needs and wants and uses her skills and 10+ years of experience to deliver a stress-free and enjoyable home buying or selling experience.
Norma is dedicated to making a life-changing difference in her clients' lives and is committed to providing the highest level of service. Let Norma help you navigate the exciting journey of buying or selling your home.
