Service & Cutting-Edge Technology
Home Buyer's Guide
Document
Preparation |
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There
are several other documents that must be prepared before the closing.
They include: |
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HUD
1 settlement statement. This is an itemized list of the credits
and charges, for both you and the seller, based on the contract terms. |
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Loan
Documents. The final loan documents grant your lender a lien
against the property in order to secure the repayment of your loan. These
documents include a promissory note, which is your legal promise to repay
the loan, and a deed of trust/mortgage--the instrument that is recorded
in the public records. |
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The
deed. The deed transfers ownership of the property to you. The
deed must contain a legal and accurate description of the property. |
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