Closing on a home is the final and one of the most significant steps in your home-buying journey. At Amplicity, we ensure that this culmination point of your property purchase is as smooth and stress-free as possible. Our "Closing Essentials" guide provides you with the critical information and support needed to finalize your home ownership.

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Pre-Closing Preparations

• Finalizing Your Mortgage: Before the closing day, we ensure that your mortgage is fully approved and that all financial documents are in order. This includes a final verification of your loan details and interest rates.

• Review of Closing Documents: We guide you through a thorough review of all closing documents. This ensures that there are no surprises and that you understand your terms and commitments. Key documents include the Closing Disclosure, the promissory note, mortgage or deed of trust, and the escrow statement.

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The Closing Process

• Setting the Date: We coordinate with all parties to set a convenient closing date. Remember, flexibility can sometimes be key to a smooth closing.

• Understanding Costs: We provide a clear breakdown of all closing costs so you know exactly what you're paying for. This includes lender fees, title insurance, escrow payments, and prorated property taxes.

• Closing Location: The closing typically occurs at the title company's office, title company, or attorney conducting the closing. We confirm the location and ensure you're prepared for the meeting.

 

On Closing Day

• Signing the Documents: You will sign legal documents related to the mortgage and the transfer of property ownership. We're there to explain each document before you sign.

• Settlement of Closing Costs: You'll be required to pay closing costs, which we've previously reviewed together. This is typically done with a cashier's check or wire transfer.

• Receiving the Keys: Once all paperwork is signed and funds are distributed, you'll receive the keys to your new home.

 

Post-Closing Essentials

• Record Keeping: We advise you to keep copies of all closing documents for your records. They can be crucial for tax purposes and future reference.

• Utility Setup: If you haven't already, ensure that all utilities are set up in your name and that services are running.

• Home Insurance: Verify that your homeowner's insurance policy is in effect from day one.

• Maintenance and Security: Consider changing the locks and perform any immediate maintenance tasks to ensure your new home is safe and secure.

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With Amplicity, "Closing Essentials" is not just about checking boxes; it's about ensuring that every detail is accounted for, leaving you to focus on the excitement of moving into your new home.