The
Big Day
Your closing day has arrived, and you are about to
become the owner of a new home. At the closing, you will review and sign
many documents, including the settlement statement, the note and the deed
of trust/mortgage. Each document will be explained by the closing agent
before you sign it. You have the right to inspect the settlement statement
one business day before the closing.
On your closing day, you will probably be required to pay any remaining down payment and closing costs. These costs will vary based on the type of loan, the loan amount, and the legal requirements of Florida.
Although the closing costs are subject to change, your lender will let you know in advance what costs (if any) you will be responsible for and approximately how much they will be. A certified or cashier's check rather than a personal check is required. When all the necessary documents and releases are recorded, you will receive the keys to your new home.
Post-closing
Activities
While
you settle into your new home, the last of the closing activities take
place. All prior home loans and liens on the property will be paid and
the final loan documents will be delivered to your lender.
