Closing

This is the final stage where all the paperwork is signed, the sale is completed, and the keys to the property are handed over to the buyer. This is also when the buyer takes possession of the property and becomes responsible for all related expenses and responsibilities.

Review and sign closing documents

Transfer of funds and title

Pay closing costs

Take possession of the property

Review and sign closing documents

This includes reviewing the closing documents, such as the sales contract, mortgage documents, and title documents, and signing them to finalize the sale.

Transfer of funds and title

This includes the transfer of funds from the buyer to the seller and the transfer of the title to the property from the seller to the buyer.

Pay closing costs

This includes paying any closing costs, such as title fees, property taxes, and other fees associated with the sale.

Take possession of the property

This includes the buyer taking possession of the property and becoming responsible for all related expenses and responsibilities, such as property taxes, insurance, and maintenance.

The Mortgage Daily Overview

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4.63%

5/1 ARM
$200,000 LOAN

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30 YEAR FIXED
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