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Jan 09
2007
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The Closing / CompletionPosted by DCC in Untagged |
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Closing Your Loan
The closing (or settlement) is the actual transfer of ownership from the seller to the buyer. At the closing, you will sign the paperwork, pay the final closing costs and finally take ownership of your new home. Your IFC-group loan advisor will work with you and your realtor to schedule a closing date, which is indicated on your purchase agreement. Although the closing process varies by state, many activities are standard. For the closing costs, you'll need to obtain a certified or cashier's check, as the title or escrow company does not usually accept personal checks.
What Happens at Closing
