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What will happen during the closing process? *

1. You might do a final walk–through of the home. 2. You’ll go to the closing location and show your picture ID to the settlement agent. 3. You’ll present your paid homeowner’s insurance policy, or proof that the premium has been paid. 4. Your settlement agent will review the closing statement or HUD–1 statement with […]

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What are closing costs?

Closing costs are all costs required to close the real estate transaction. They can include (but are not limited to) surveying fees, property taxes, title insurance, attorney fees, agent fees, points, loan origination fees, primary mortgage insurance (PMI), and the balance of your down payment. Prior to closing, you should review your final closing statement […]

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What is a closing?

Closing, which is also known as “settlement” or “escrow,” is the event where the title to a property is transferred from seller to buyer. Closing is typically held in an office, such as that of an attorney, title agent or title insurance company, and involves the completion of all the necessary paperwork to finalize the […]

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