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What to Expect at a Closing

Buying a home is one of the greatest - and most expensive - investments you and your family make in your lifetime. When you sign the closing documents and receive the keys to your new home, it’s truly an exhilarating moment. But what is the process leading up to this moment? What can you expect on closing day? Here’s an overview to help you navigate your new and exciting venture.   What is closing? The closing process , also known as settlement, is when the property title transfers from the seller to the buyer. It is the final phase of mortgage processing. The escrow company handles the distribution of the funds and the new deed is registered in your name. As the buyer of the property, you have the responsibility of paying for any outstanding fees that are associated with the closing process. Once the legalities are taken care of, the keys are handed over to you and you can start making memories in your new home.    What is the closing process? In reality, the closing process begins wh

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