Closing Considerations

You've navigated your way through the loan process, and now you're ready for closing.  When you attend your closing, you will review all of the final loan documents with the Closing Agent and, by signing on the line, you will complete the process.

One of the documents you will review at closing is the Settlement Sheet - it is the finalized version of the Good Faith Estimate.  The articles on this page detail some of the costs you may incur at settlement so that you can better understand them before signing at the dotted line.

Closing Costs: A general overview of some of the costs you may incur at closing

Loan Costs: A more detailed explanation of the costs you may see at closing that are directly related to acquiring your loan

Tax Costs: In addition to paying the mortgage company, the title company, and others who have provided services in order to get your loan to closing, the Tax Man wants his share.

Types of Insurance: As with other aspects of life, there are many different insurances involved with closing on your loan.  Read this section for a brief explanation of those insurances that may pertain to you

Insurance Costs: A summary of the costs you may incur for the various types of insurance you'll need at closing