What to Expect on Closing Day

You've been approved, the appraisal came in, and the closing date is on the calendar. Here's exactly what happens next, and how to keep the final week smooth.

Three days before: the Closing Disclosure

Federal law requires your lender to deliver a Closing Disclosure at least three business days before closing. It lists your final loan terms, your monthly payment, and every dollar due at the table. Compare it to the Loan Estimate you received when you applied. Most fees can't change at all, and others can only change within set limits. If something looks off, call us. That's what the three days are for.

The week of closing: don't change anything

Your loan was approved based on a snapshot of your finances. Keep that snapshot intact.

• Don't open new credit or finance furniture and appliances
• Don't change jobs without telling your loan originator first
• Don't move large sums of money between accounts
• Don't miss any payments on existing debts

Lenders often re-verify employment and re-pull credit right before closing.

Wiring your closing funds

You'll receive wiring instructions from the title company for your down payment and closing costs. Always confirm those instructions by calling the title company at a phone number you already know, not one from the email. Wire fraud targeting home buyers is real, and once money is wired it's very hard to recover.

The final walkthrough

Within 24 hours of closing, walk through the home with your agent. Confirm agreed repairs are done, the seller's belongings are out, and everything that was supposed to stay is still there.

At the closing table

Closing usually takes an hour or two at the title company or closing attorney's office. Bring:

• A government-issued photo ID for every borrower
• Proof of your wire or a cashier's check, if funds weren't sent ahead
• Your copy of the Closing Disclosure

You'll sign the promissory note, the deed of trust, and a stack of disclosures. The closer will explain each one. Ask questions. Nobody is in a hurry.

After closing

Your first payment is usually due on the first of the month after a full month has passed. Watch for a letter about your loan servicer, set up autopay, and keep every closing document somewhere safe. You'll want them at tax time.

Have a question about your timeline? Read the loan process or call the Conway office.