Closing


What is Closing?

A transaction at which the buyer signing the mortgage documents and paying closing costs finalizes a sale of a property. On the closing date, you meet with various legal representatives to sign your mortgage and all the other documents required to finalize the purchase of your new home. The buyer will review and sign three main items that include a deed of trust or mortgage, the promissory note, and a closing disclosure. Also called the "settlement."

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