Just for First Time Home Buyers from Linda Grissette of VIP Real Estate

Step 9:  Closing

Finally it's time for closing.  That's easy, isn't it?  The reality is that there are many things that have to happen at the last minute to make a closing happen.

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!

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Just for First Time Home Buyers,St Charles County MO Homes for Sale,Linda Grissette,Keller Williams Realty West

Linda Grissette, Broker

VIP Real Estate
1329 St. Gregory Lane, St. Charles, MO 63304
636-352-7122
Linda is a licensed Broker in the State of Missouri.

 

 

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