The Closing Process

This is a very exciting time for you, but if you are new to the process, it can also be a bit daunting. ​

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That is why we are here. Let us explain the basics so you are prepared for what is to come.

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What should you expect during the closing?

Closings can be done at any of our 27 locations or we can come to you and meet at your bank.

During the closing process, you will be signing many documents, including

• The Closing Disclosure: This form contains the details of the transaction. This is where you will find the terms and costs. By law, your lender must provide you this form 3 days before your official closing date.

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• The Promissory Note: This document is your promise to repay your mortgage (loan) to your lender. This document provides you with information about your loan. It will include the amount you owe, your interest rate, the dates when the payments are to be made, the length of the time for repayment and where to send the payments. This note also explains what will happen if you fail to make your monthly mortgage payments. ​

• Deed of Trust/Mortgage: This document transfers the legal ownership of the property, with the condition that the lender may foreclose on your home if you fail to repay your mortgage. The deed of trust/mortgage restates the basic information that has already been included on the promissory note. it also explains your responsibilities and rights as a borrower.