Coldwell Banker Realty - Lynnfield
Lynn D'Avolio, Coldwell Banker Realty - LynnfieldPhone: (801) 597-2857
Email: [email protected]

Here's what to have on the day of closing

by Lynn D'Avolio 03/20/2024

The day of closing is the goal at the end of a long and complex homebuying journey. Like every step of the process, closing on a new home has multiple smaller steps and variables to prepare for. Luckily, there are some simple ways to get ready for the closing process. Here are the most important things you should have on closing day:

Photo ID

You’ll need to verify your identity with the title company that’s responsible for the loan closing. It’s important that everyone who has their name on the loan bring their own form of identification.

Cashier’s check (cash to close)

A cashier’s check from the bank will be necessary to pay your closing costs. Closing costs can include the down payment, prepaid interest, property taxes and insurance fees. The cashier’s check for closing costs is commonly referred to as “cash to close.”

Closing disclosure document

The closing disclosure is an essential form involved in the loan process. This document lists the final terms and costs of your mortgage. You’ll get this form from your lender at least a few business days before closing.

Proof of insurance

Bring proof of a homeowners insurance policy with you on closing day. Homeowners insurance is required by your lender to issue final approval on the mortgage. You can typically use the policy declaration page from your insurance provider for this purpose.

Professional representation

Closing on a home is one of the most significant financial decisions you can make, and it’s critical to have somebody with you who’s protecting your interests. It’s recommended that you have a closing agent or a real estate attorney present on the closing day.

Closing on a home is a major event and the final step in your homebuying process. To prevent delays, make sure you remember this list of the essentials before the day arrives.

About the Author
Author

Lynn D'Avolio

It is my goal as your full service real estate Broker specializing in the Boston Metro West area, covering Northshore, and 30 to 45 min from Boston in all directions, to provide you with superior service at all times. My local expertise and extensive real estate experience will benefit you whether you are serious about buying or selling a home at this time, or are a returning client checking out the many homeowner resources I offer. 

I consider this community an excellent place to reside and would love to share with you my enthusiasm for the many neighborhoods that encompass it. I pride myself on providing unparalleled service and look forward to developing a long-term relationship with you. Please feel free to contact me if you would like to discuss how I can best assist you with your real estate needs.