The Closing Process

Preparing for closing
Understanding closing costs
Setting a closing date
At your closing
After your closing

Can I be a homeowner?

Finding a Home

Making an Offer on a Home

Applying for a Loan

Inspections

Glossary

At your closing

Among the documents you should receive at the closing are:

HUD-1 Settlement Statement -- This document itemizes the funds the buyer and the seller will pay at closing.
Note -- Often called the promissory note, it represents your promise to pay the lender according to the agreed upon terms of the loan, including when and where to send your payment.
Deed -- This document transfers ownership from the seller to you.

After your closing is completed, keep any paperwork you received in a safe place. Remember to keep a copy of every document you signed.

When you file your taxes, it may be useful to have a copy of the settlement form because it lists items that may be tax deductible. Also make sure you keep all homeowner's insurance and title insurance records in a secure place.

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