13 The closing!
This is the second to the last step of your home buying experience. The attorneys will set the closing attempting to fit everyone’s schedule. If you have a time preference please let them know during the attorney review period. The closing takes approximately 1 to 2 hours. This is when you will sign all of the loan documents which gives you the money (mortgage) to buy the home, as well as the seller’s documents which transfers ownership of the home to you. Be prepared for writer’s cramp. There are a lot of documents to sign, all of which are very necessary to the transaction. Your attorney will explain to you what you are signing. He/she will also explain the other documents which he/she has researched, approved and prepared during the weeks prior to the closing. If you have any questions, please ask at that time. You can bring a cashier’s check if you need less than $50,000 total. If more than that, you will need to wire transfer the money. Please call your attorney for details. In addition to the cashier’s or certified check, you’ll need to bring any information the lender requested you to bring to the closing, as well as your driver’s license, your personal checkbook and your homeowner’s insurance with the paid receipt.
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