Close the Loan

After your loan is approved, you will be required to sign the final loan documents. This will normally take place at a title company. Don’t worry, in most cases I will attend your closing with you to answer any questions you may have. Be prepared to:

• Bring a cashier check for your down payment and closing costs if required. Personal checks are normally NOT accepted.
• Review the final loan documents. Make sure that the interest rate and loan terms are what you were promised. Also, verify the accuracy of the name and address on the loan documents.
• Sign the loan documents. The title officer will require that you have your picture ID with you. Some lenders also require seeing your Social Security card.

Your loan will normally close shortly after you have signed the loan documents. On refinance and home equity loan transactions, federal law requires that you have three days to review the documents before your loan transaction can close. Purchase transactions do not have a three-day rescission period.

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