Preparing Loan Closing Documents For A Worry-Free Transaction

For many real estate transactions, one of the key pieces of the process is the funding of the purchase. The paperwork related to the financing of a real estate transaction can be voluminous and seem overwhelming, not to mention confusing.

At Barristers Title, a full staff of attorneys stand ready to assist you with your loan closing. We are division of the Manchester law firm Cronin Bisson & Zalinsky P.C. Our attorneys have extensive experience in real estate law. They can explain the mortgage funding process in everyday language and discuss the steps you need to take to ensure a prompt, efficient closing day.

What Is A Mortgage Closing?

If you are involved in a real estate transaction that involves financing in the form of a loan, a mortgage closing is the last step in the sale/purchase process.

Our attorneys can help with many types of loan closings, including:

• Conventional loans – In which a buyer is purchasing a property using a long-term home loan
• Second mortgages – Loans that are in addition to your primary mortgage, including home equity loans, home equity lines of credit, or piggyback mortgages
• Construction loans – Which can be used to finance the cost of building a new home, including permits, materials, labor and the price of the land itself

The Mortgage Closing Process

Several days before your loan closing date, you will receive a closing disclosure document. This documents how funds already paid by buyer and seller have been applied, and the terms of the mortgage. It is important to review the closing disclosure carefully to ensure that the terms you agreed to are reflected.

On closing day, the lender should have already issued a “clear to close” notice indicating all conditions of the loan have been met. Bring a form of identification to the closing, and any funds you are required to submit. If you’re receiving cash back at closing, provide the account you to which the funds should be transferred.

What If There Is No Mortgage?

Not every closing involves mortgage financing. Our attorneys are well versed in real estate sales involving cash or private financing. We are mindful of the safety of your financial transactions. We can also align the rest of the purchase/sale process with your financing options, ensuring vital services such as a title search, lien clearance, and the purchase of title insurance on the house move forward quickly.

When Money And Property Are On The Line, Our Attorneys Will Take Care Of You

Barristers Title’s attorneys take their commitment to your loan closing seriously. To schedule an appointment, call 603-665-9495 or send an email using the company’s confidential online contact form.