Loan Closings
Purchasing a home is a great investment. The closing is one of the most important parts of the process.
YOU'RE ALMOST DONE!
Closing day is the last step of the home or land buying process. Sometimes the closing is called the “settlement”. At closing, you can expect to see all of the terms and agreements between yourself and the sellers, on paper, ready to be signed. Once you have come to a mutual agreement on all of the specifics, you and any other parties participating in the loan transaction will sign the closing documents. Signing these documents means that you agree to have the loan funding distributed, and are now legally responsible for the purchased property and any loan that you have taken to cover the costs of the property.
Closing Checklist
Here’s a list of actions to prepare for your closing and the items to bring with you.
List of Services
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1) Determine when and where your closing is scheduled.List Item 1
Who conducts your closing can vary by state. We're happy to be your top closing choice in Cole County.
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2) Since the closing process varies by state, ask the person conducting your closing what to expect.List Item 2
Things to ask:
- What do I need to bring to closing?
- How much money do I need to bring to closing? How do I pay?
- What if I decide to back out of the deal?
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3) Review Your Closing DisclosureList Item 3
By law, you must receive a Closing Disclosure at least three days prior to your closing.
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4) Bring these items with you:List Item 4
- Picture ID (driver’s license, passport): The person handling the closing will need to make a copy of it.
- Appropriate payment for closing costs: Some companies require wired funds, while others accept a certified checks. Make sure you know what form of payment is acceptable.
Ready to work with a title company you can trust?
240 East High Street
Jefferson City, MO 65101
Phone: (573) 636-3214
Fax: (573) 636-7225
Cole County Abstract & Title Co. is authorized and licensed to do business in the State of Missouri.