I strongly suggest a face to face appointment to go over the loan application disclosures so there are no surprises at the closing table regarding the loan program, payments or closing costs.
Your lender will order appraisal and preliminary title. Other than a VA loan, this is when you will need to pay for the appraisal fee.
An underwriter will review the loan file for approval. There may be additional conditions that will need to be met prior to closing.
This document will have your final closing numbers and must be acknowledged at least 3 business days prior to your loan signing.
The closing docusments will be sent to the settlement agent for closing. The signing appointments will be scheduled with both parties. The documents are then sent back to the lender and when the wire is sent to the settlement agent.
Once the wire is received, the Deed of Trust is sent for recording. Keys are typically given to the borrower at this point!
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