Now that you've chosen a loan... what's next? Our video provides a quick overview of the final steps to closing your loan. If you have any questions, please contact LendingTree at 1-800-555-TREE.
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Loan Processor
Make sure that your loan processor has the documentation they need. This usually includes:
- Employment verification (W2 forms and pay stubs)
- Recent bank statements
- Federal tax returns
- Current debt statements
In general, your loan processor will schedule a home appraisal and coordinate your title insurance.
Read more: “Documentation for your lender”,
“Why lenders want documents”, and
“Title Insurance Basics.”
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Homeowner’s Insurance
It is your responsibility to secure homeowner’s insurance and give your policy information to your loan processor.
Read more: “Why do I need homeowner’s insurance?”
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Home Inspection
Most lenders don’t require full home inspections, but an inspection can provide you with valuable
information, prior to closing.
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Settlement Statement
Confirm your closing date with the lender, and request your Settlement Statement two or three days in advance. This document details the final costs involved and exact amount of cash you’ll need at closing. Review it carefully, and ask the lender about any unfamiliar costs.
Read more: “The HUD-1 Settlement Statement.”
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Closing Date
Once you’ve reviewed your settlement statement, prepare to transfer or request a certified check for the final closing amount.
Remember, LendingTree loan specialists are available 24/7 to help you. Call 1-800-555-TREE.
Congratulations on your new home!