Checklist for a Smooth Mortgage Closing

Ah yes. The closing process… When lenders send you 248 documents for you to sign. If you’re a first time homeowner, this can feel a tad bit overwhelming.

It’s essential to have a comprehensive checklist that covers all the necessary steps and requirements. Below we’ll go over a checklist that you can use to make sure that you have everything in order before your closing date.

Pre-Closing Tasks

Before the closing date, there are several things that you need to do to prepare:

  1. Review the closing disclosure: Your lender will provide you with a closing disclosure document that outlines all the costs and fees associated with your mortgage. Make sure that you review this document carefully and ask your lender to explain anything that you don’t understand.
  2. Gather required documents: Your lender will also provide you with a list of documents that you need to bring to the closing. These may include your identification, proof of insurance, and proof of funds for your down payment and closing costs.
  3. Confirm the closing date and time: Make sure that you have the correct date and time for the closing!
  4. Arrange for closing costs: You’ll need to bring a cashier’s check or wire the funds for your closing costs to the title company before the closing.

At the Closing

At the closing, you’ll sign several legal documents and pay any remaining fees. Here’s a checklist of things to keep in mind:

  1. Review the documents: Make sure that you understand all the documents that you’re signing, and ask your lender or closing agent if you have any questions.
  2. Confirm the amount due: The closing agent will let you know how much you need to bring for your closing costs and any other fees.
  3. Sign the documents: You’ll sign several legal documents, including the mortgage loan agreement, the note, and the deed of trust.
  4. Receive a copy of the documents: Make sure that you receive a copy of all the documents that you signed for your records.

If you have any questions about the process, United Faith Mortgage is more than happy to offer you zero-pressure help. (And we truly mean that!)

Get started here with no strings attached.