At the closing, ownership of the newly purchased home is officially transferred from the seller to you.
Who is involved?
It may involve you, the seller, the real estate agent, your attorney, the lender’s attorney, representatives from the title or escrow firm, and a variety of clerks, secretaries, and other staff.
It is possible to have an attorney act on your behalf if you cannot attend the meeting (for example, if the house is in another state).
Closing can take as little time as an hour to sign all the forms and transfer ownership or it can take several hours, depending on the contingency clauses in the purchase offer (and any escrow accounts that may need to be set up).
Much of the paperwork involved in closing (or settlement) is done by attorneys and real estate professionals.
You may be involved in some of the closing activities and not in others, depending on local customs and on the professionals with whom you are working.
Things to do before you close
Before you close on the house, you should have a final inspection, or walk-through, to make sure any repairs you requested have been made and that items which were to remain with the house (drapes, light fixtures) are still there.
In most states, settlement is done by a title or escrow firm to which you forward all the materials and information along with the appropriate cashiers’ checks, and the firm will make the necessary disbursements.
The real estate agent or another representative of the title company will deliver the check to the seller and the house keys to you.
To find the loan option that fits you best, contact us to get pre approved. It only takes about 10 minutes, can be done over the phone, and all the information we will need to know you will probably know right off the top of your head.
Refinanced with Advantage Lending (Dan). Outstanding service and great communication - - Dan answered all my questions... promptly and thoroughly. The process was smooth from my first contact through my closing - - just what you want. Highly recommended.read more
I’ve worked with Dan in the past as a fellow loan officer and recently became a client via a refinance transaction.... When I used to work with Dan I always knew him to be very detail oriented, maintain great communication with his clients throughout their transaction and work diligently to get the job done accurately and on time. Fast forward several years later and nothing’s changed. Choosing to work with any other lender or broker will be a mistake. If you want the best combination of service & value then do yourself a favor and just let Dan handle all of your mortgage needs. He’ll make the process easy, give you a very competitive rate and you’ll have the added piece of mind of knowing that your loan is being handled not just by an expert, but also by the owner of the company. What more could you ask for?!read more
Did a refinance through Dan. Great communication as well and quick to close. He took the time to explain all the... different options for us based on our plan for our home. Will definitely use his services again. Highly recommend!!read more
What can we say, Advantage Lending Corp is the best! Always professional, attentive, first class and friendly. Dan... and his team always quickly answer questions and communicate often which is appreciated. Our refinance was a smooth transaction even during the Covid-19 pandemic. Outstanding! Thanks again Advantage Lending team!read more
The recent changes in mortgage rates prompted me to contact Dan at Advantage Lending Corp as I originally financed my... new through him. I was very glad I did! He and his staff did an outstanding job of putting a package together that lowered my monthly payment and also produced a refund from the previous mortgage! He and his staff are simply the best! I highly recommend him for all your home financing needs! Thank you Dan!read more
Incredibly knowledgeable and a pleasure to work with. Made obtaining the correct mortgage for my situation stress... free. I would highly recommend if you want to feel comfortable making major financial decisions.
When the rates dropped, Dan was able to lay out a simple plan to save me money. I felt safe the entire process because I was plainly given all the information needed to make decisions. If you want to feel safe asking any questions and get honest feedback then I cannot recommend better.
Thanks again for another stress free experience.read more
This is my second time working with Dan and his team, and I couldn’t be happier! They are Friendly, professional and... quick to answer any questions you may have. They really put you at ease and step you through the mortgage process and make sure you understand what is happening every step of the way! I will continue to do my business through them and always recommend them to everyone I talk too!read more
We were extremely thrilled with our refinance experience that Dan provided. He went above and beyond to explain each... step of the process to both my significant other and I separately. There were a couple times we had a question and he responded immediately with an answer that was very easy to digest in an area where I had little existing knowledge of finance terms, etc. We were completing our refinance around the holidays and Dan called us from the office on Christmas Eve with the final numbers offering to answer any additional questions. He truly goes out of his way for each and every client regardless of the day. About a month after the refinance process was complete, we reviewed the checks we received and the numbers weren’t adding up. We called Dan to ask some follow-up questions and within minutes of taking a quick review of our file, he identified the exact amount on an additional check we would receiving and told us who to expect it from. We are so grateful to have found a broker so detail-oriented, hardworking, and compassionate about what he does. We recommend him to all family and friends that are in need of a broker and let them know that Dan will make what may appear to be a difficult/confusing process at first glance, very easy to understand. Thanks Dan!read more
We have worked with Dan and his team several times! He is super knowledgable and will take the personal time to... explain the entire process. He has and will find the best rates for sure! I have several friends and family members that have used him as well...with the same feedback. If you want someone you can relax and TRUST...go with Advantage Lending Corp! Dan and his team are there to protect you, and to make purchasing a home/mortgage an easy process. Thanks again Dan, we love the new home!!!read more
Dan is extremely knowledgeable!!! We are self-employed and income can be hard for the inexperienced loan officer to... figure out. Dan had no problem calculating the income. He was very professional and kept us informed on each step of the mortgage process. His processor, Melody, was extremely helpful and insightful as well. I highly recommend Dan as your mortgage guy.read more
I have used Advantage Lending Corp twice now and always give them out as a referral to others seeking a mortgage. Dan... and Melony are great to deal with and have a vast amount of knowledge. They go above and beyond to make sure you're at ease in making life changing decisions. Their communication thru the entire process makes you feel as if you're the most important client they have and you're treated as a friend, not just a customer always.read more
Dan and his team are top notch! They are the most honest and truthful team I have ever worked with. I have had many... mortgages through them and referred them to others and had the best prices and percentages around. In fact nobody came close. Thank you for all your hard work and always being a phone call away.read more
Dan and Melony were the most helpful and responsive mortgage brokers that my wife and I have ever worked within this is... our seventh mortgage. They were able to have our mortgage ready to close within 20 days. No other brokers could get this done. Hard working and thorough by far the best in the business.read more
If you are looking to buy a home for the first time, second time, refinance, or buy a second home, you need to contact... Dan! We have been working with him for many years now. We highly recommend him to everyone that is looking for a "mortgage guy". Several family members have also worked with him and were highly satisfied based on our recommendation. He is flexible and is able to work with your busy schedule. Dan takes care of every detail so that the process is easy and smooth. He is kind and knowledgeable. When we had an issue arise with our most recent transaction, Dan worked hard and solved the problem right away. Thank you, Dan!read more
Dan was awesome! This was my first home buyers experience, and I would definitely recommend Dan to anyone looking to... buy a home! He was always willing to explain any questions I had, and would call just to check up and see how the process was going. Dan was very informative and took the time to make sure I knew what steps to take as a first time home buyer. Dan was available if I had questions on the weekend and got my mortgage approved within a week. I appreciate all the time and work he put in to help be buy my first home!read more