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You’ve been on the home search for a while, and you’ve officially gotten the news that your offer has been accepted – congratulations! Now it’s time to focus on the next step, which is the closing process. There are a few things to keep in mind as you get closer to the closing table to ensure that things stay on track so you can officially sign on the dotted line.

Get Prepared

As you move towards your official closing date, it’s important to be as prepared as possible. The more prepared you are, the less likely there are to be delays. First things first, ensure your information is secure. As you move throughout the process, you will encounter many different types of communications regarding your home purchase, whether it be via phone, text message, or email. Stay vigilant with the information you provide and if something seems off, and always before you wire money, confirm with your REALTOR, Attorney or Title company verbally from a known number.

It’s highly important to stay organized with meeting dates and deadlines for documents, checks, and other important materials related to your closing as well. Keep all documentation and communications in one place so they are easily accessible should you need to get information quickly. The more on top of things you are, the less likely there are to be delays.

It’s up to you who you want to work with when it comes to your service providers as well. Decide who you want to work with for your inspections, attorneys, and lender, to name a few. Talk to your REALTOR for suggestions on who they have worked with previously and do your research to see who would be best fit for your needs and budget.

Important Documents to be Aware of

There are two major documents to be aware of as you get closer to your closing date.

  1. When it comes to your Mortgage Loan Application, you will receive a Loan Estimate which will be sent over within three days of receipt of the application. You will see this document at the beginning of the process and lays out the terms of your loam. If there are any changes made, you will receive a new copy each time to ensure you have the most up-to-date documentation.
  2. The Closing Disclosure (CD), which will be sent directly to you from your attorney or title company at least 3 business days before closing, lays out in detail the final terms of your loan including monthly payments and fees. Your loan officer can go through it with you to ensure all information is accurate.

There are many other important documents you’ll find especially on the day of closing, like the deed to the home for example. Make sure to bring your checkbook and a photo ID as well as you will need them as part of the closing day process.


As part of the closing process, there are three notable insurance policies to understand. The first is Lender’s Title insurance, which is typically required for borrowers to purchase to get a loan, with the cost being based on the loan amount. This protects the lenders against problems to the title of the property should someone, for example, sue saying they have a claim against the home. The next insurance policy to note is Owner’s Title Insurance. This is also typically required by the lender and ensures your interests are protected and offers coverage on various things including undisclosed heirs or forgery. It’s also important to get Homeowners Insurance which covers you if something unexpected occurs, like a fire. Your lender requires proof and will be included as part of your Loan Estimate document.

There is no better feeling than signing on the dotted line and getting those keys handed to you! By truly understanding these major things about the closing process, it will help make it a smooth one. Ask questions, understand your loan, review your insurance requirements, consult with your REALTOR and be cautious when sharing private information.