
4. Close the Loan
When the final approval is issued, your real estate agent and a loan specialist will work together to schedule a convenient closing time with you.
At closing, you will receive and sign a Settlement Statement (HUD-1 Statement) that discloses:
Detailed closing costs charged to you or paid on your behalf
The Mortgage or Deed of Trust
Other required documents
After the documents are signed, the closing agent will record the Mortgage or Deed of Trust with the county recorder and will issue a Title Insurance Policy.
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