What to Expect at the Closing Table

You will sign all of your closing documents at the closing table.

Once you reach your closing date, you are almost at the end of the mortgage process! All that is left for you to do is show up at the title company/attorney's office and sign your closing documents. Let's take a closer look at the final steps of the mortgage process.

Final Approval

Once your loan is final approved, we will issue an official Closing Disclosure which details the final closing costs and provides you a cash to close figure. We provide this document at least three business days prior to closing. This allows you time to review and ask questions before closing. 

A day or so before closing, you will wire your funds to close to the closing attorney. This wire needs to originate from one of the bank accounts that has been verified. Your loan proceeds will also be wired to the closing attorney a day or so before closing.

At the Closing Table

On the day of your Closing, we will meet you at the closing attorney or title company's office. At closing, you will sign documents such as your final Closing Disclosure, Note, Mortgage or Deed of Trust, and a collection of standard documents pertaining to your loan. Your closing attorney, lender, and real estate agent will be able to answer any questions you may have about these documents. 

Once you have signed, your closing attorney will upload signed closing documents for lender funding approval. The lender will make sure that all documents are signed, all signatures are legible, and all funding conditions have been met. Once approved, the lender will send funding authorization to your closing attorney. At that time, your attorney will swap documents and funds with the seller's closing attorney, making your new home officially yours!

This process is generally completed the day of closing, but timing can vary based on the time of day you and the seller's close. Just be aware that it might be a few hours before you gain access to the property.  

How I Can Help You

When it comes time to purchase a home or refinance an existing loan, I want to help you! Hopefully articles like this give you good information and a better understanding of the mortgage world but let me use my experience and expertise to help you with your particular situation.

I tell my clients and referral partners that a mortgage transaction starts with a simple conversation. Let’s talk about your financial situation, budget, and goals so that I can help you determine the best solution for you. During a 10-minute informal conversation, we can get you on the right path as it relates to a home purchase or mortgage refinance.