Once you have completed the previous steps and the loan has been approved, your loan documents will be ready to sign. An estimated closing statement will be sent to you ahead of time for your review. The closing statement will itemize the purchase price, the loan amount, the earnest money deposit, all of the fees and any other items related to the funds involved in the transaction. The closing statement will also show the final amount of cash required from the buyer to complete the transaction, which can be wired to the escrow company or paid the same day with a cashier’s check.
*Pinnacle Hint* Rest your signing hand the night before as there will be a multitude of pages to sign!