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Loan Process > Step Six: Close the Loan
After your loan is approved,
you will be required to sign the final loan documents. This will normally take
place in front of a notary public. Be prepared to: .
Bring a cashier's check for your down payment and closing costs if
required. Personal checks are normally not accepted. .
Review the final loan documents. Make sure that the interest rate and
loan terms are what you were promised. Also, verify that the name and address
on the loan documents are accurate. .
Sign the loan documents. Your loan will normally close shortly after
you have signed the loan documents. On refinance and home equity loan
transactions federal law requires that you have 3 days to review the documents
before your loan transaction can close. |