Home Buyers Guide...
 

Coordinating Settlement (Step 5)

Congratulations, your loan was approved. It is now time to make arrangements for settlement, the closing of your loan. After the approval of the loan, there may be conditions to be satisfied before closing. These conditions should be handled at least a week before the closing date.

Our closer at National Lending Corporation will contact the settlement agent you have chosen to check on the progress of the work they've done for you. Within a week of your chosen settlement date, you will be contacted by your settlement agent to inform you of the exact costs to close the transaction.

Settlements generally run very smoothly and last about 60 minutes. You will be required to sign numerous documents relating to the purchase or refinancing of your property. Your settlement agent will be able to answer any questions regarding the documents.

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