Step 21: What is ‘Clear to Close’

Very soon we should receive what’s called the Clear to Close from your mortgage lender and underwriter. This means your mortgage has been approved (your lender will fund the purchase of your new home) and we can move forward with the closing. The title company confirms the closing date.

This is excellent news!

Also, we can now schedule the final walk-through of your new home, which is usually conducted before closing. We can schedule it the day prior, but so many sellers are still in the midst of packing that it may not be practical. The day of closing is sometimes more convenient.

 

 

 

Posted on November 20, 2018 at 3:40 am
Lee Ann Balta | Category: Buyer Step by Step

Comments are closed.