Purchasing a home is a great investment. The closing, or settlement as it’s called in some states, is one of the most important parts of the process. This is when you legally commit to your mortgage loan.
An owner’s title insurance policy protects a homeowner’s financial investment in a property. Make the smart decision and for a one-time fee get protection for as long as you own your home.
Determine who will conduct your closing, and when and where it’s scheduled. Since the closing process varies by state, ask the person conducting your closing what to expect. Review Your Closing Disclosure.
There are costs associated with purchasing a home. Check out a sample Closing Disclosure, which outlines terms and costs of your transaction. Here’s a review of many of the common fees.
7529 Standish Pl #200,
Rockville, MD 20855