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Closing the Deal

House? Check. Mortgage? Check. That leaves just the closing before you can call yourself a homeowner. The closing is where you and the seller sign all the necessary paperwork, exchange money (usually in the form of a check) and you take legal possession of the property.

The whole process can seem overwhelming thanks to all the papers you have to sign (dozens) and money you’re attaching your name to (how much?!), so don’t be afraid to ask questions and read every line on those papers.

Before the Closing

Your Lender

Getting your mortgage isn’t the only thing your lender should help you with. Your lender also:

The costs for the title search, title insurance and survey are part of your closing costs.

Closing Day

The day has finally arrived. You’re hours away from owning your first home! While all of the hard stuff is behind you, you still have a job to do. That’s to bring the following to the closing with you:

You’ll sit at a big table with your Realtor, the closing agent, your lender, the sellers and their Realtor, if applicable, and sign a huge pile of papers. Again, don’t be afraid to ask questions and read the fine print. At the end, you’ll receive the keys to your new home.

Congratulations! You’re a homeowner!