Your Closing Timeline

by Shashank ShekharJuly 13, 2015

Closing Timeline

From Accepted Offer to Closing Table

Closing Timeline

contract accepted > mortgage application > appraisal ordered > title search and survey ordered > apply for home owners insurance > loan submitted to underwriting > loan clear to closecontract accepted > home inspection, pest inspection, and radon search > addendum of repairs submitted > final walk through

settlement at attorney’s office > you own the house!

Week one under contract (in escrow) should be full of activity.
Week two you should have your home inspection report in hand.
By week three you should be fully approved as borrower.
Week four: finally, the mortgage approval home stretch.
After going through all the work, all the searching, and all the time, the three most beautiful words you are going to hear is “clear to close.” Trust me, it’ll be the sweetest thing you can possibly hear at this point. That means you have no more hoops to jump through, no more red tape to get caught up in, and just a few more very minor loose ends to tie up at this point. Just finish getting through the formalities of closing on the house and signing a lot of paperwork, and that is it. You’re done. You did it, and now you are a homeowner, congratulations!

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About The Author
Shashank Shekhar Best-selling author, Shashank Shekhar (NMLS 8176) is a mortgage lender with Arcus Lending, offering loans for home purchase and refinance. Shashank has been featured as a mortgage expert on Yahoo! News, ABC, CBS, NBC and FOX. He has been named "Top 40 under 40" most influential mortgage professionals in the country.

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