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An understanding of the loan process is essential in knowing what to expect while obtaining your mortgage and waiting for the day to get your keys. |
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Tools & More : Loan Process : Step 5 | |||
Step 5 : Close the Loan Your loan will close shortly after signing your loan documents with a grand congratulations in order! For those looking for a place to call home, you will be a homeowner! For those looking to begin or expand their investment portfolio, you will be a real estate investor! Keep in mind that if you are refinancing or obtaining a home equity line of credit, there is a three day rescission period to allow you time to review your loan documents before your loan closes. Upon close the original deed for your home or property will be mailed directly to your new home or property depending on the mailing address you provide the County Recorder's office. This may take anywhere from one week to a few weeks depending on the recorder office's volume at the time. Please remember that if you have any questions about the process, feel free to contact us any time! |
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Equal Housing Lender. © 2010 Simpluxe Financial. DRE License #00654852. All Rights Reserved. |
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