After you are approved for a mortgage loan AND your offer is accepted,
you will be able to go to Closing.
Closing will be the final step before the home becomes your actual property.
This meeting date will be set up by your agent or the lender. At Closing,
the Title of the home will be transferred from the seller to buyer.
During Closing, many documents related to the loan will have to be signed
by the buyer. As a new homeowner, you will be informed what each document
is, but don't be afraid to ask questions to the lender or closing agent.
A very important part of closing is for the new homeowner to pay Closing
Costs. These are fees and charges that are related to your mortgage
loan. The lender or closing agent will be responsible for collecting
this money at Closing.