Step 9:  Closing

Some of these things are:

1. After loan approval, the closing company gets a title insurance binder to the the lender.
2. The lender sends all of their charges and information to the closing company.
3. The buyers and sellers (or their real estate professionals) get all of their bids to the closing company.
4. The closing company prepares a closing or settlement statement (usually they use the HUD-1 form) and sends it to the lender for approval...hopefully!
5. Once the lender approves the HUD-1, it is sent to the buyer and seller (or their real estate professionals) to check for accuracy.
6. Once that is done, the lender, the closing company or the real estate professional will let the buyer know how much they need to bring to closing (in certified funds).
7. The lender will wire the finds for your loan to the closing company and will also send all their closing documents.

Now, it's time for the closing on your new home!

Linda Grissette of The Best Seller GMAC Real Estate welcomes you to her Just for First Time Home Buyers web site.  Linda serves home buyers in St Charles MO, St Peters MO, O'Fallon MO, Lake St Louis MO, Wentzville MO or Harvester MO (and other areas of St Charles County Missouri).  If you are wanting to buy a St Charles MO home for sale, a St Peters MO home for sale, an O'Fallon MO home for sale, a Lake St Louis MO home for sale, a Wentzville MO home for sale or a Harvester MO home for sale, you've come to the right web site.  St. Charles MO first time home buyers, St. Peters MO first time home buyers, O'Fallon MO first time home buyers, Lake St. Louis first time home buyers, Wentzville MO first time home buyers, Harvester MO first time home buyers, and St. Charles County first time home buyers will all find the help they need on this web site.

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