Receiving
Your Loan

Closing on a loan is an exciting milestone. Here’s what you need to know:

1. Preparing for Closing:

• Review final loan documents carefully, ensuring terms, interest rates, and loan amounts are correct.

• Bring a government-issued photo ID and, if required, a cashier’s check or wire transfer for closing costs.

2. Role of the Notary or Escrow Officer:

• They verify your identity and witness your signature to ensure a legal and fraud-free process.

3. Wiring Funds:

• Electronic transfers are secure and fast, but accuracy is crucial to avoid delays or misrouted funds.

• Double-check all wiring details with both sending and receiving parties.

4. After Closing:

• Your lender confirms the successful transfer of funds, marking loan completion.

• Keep copies of your final loan documents for future reference.

5. Celebrate Your New Milestone:

• If you’ve purchased a new property, congratulations on your home! If you’ve refinanced, enjoy the benefits of your new loan terms.

Closing marks both an end and a beginning. While it finalizes your mortgage process, it also starts your journey as a homeowner. Understanding your responsibilities ensures a smooth transition into your new financial commitment.