Closing

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Closing

Updated

January 19, 2023

The action of signing, dating, and notarizing all documents associated with finalizing a mortgage.

Cumulative Interest

Creditworthiness

Convertible ARM

Convertibility Clause

Conventional Loan

Related Topics

When Is the First Mortgage Payment Due?

What Does Foreclosure Mean?

What Is a HELOC Loan?

Loan Default

Financial Considerations (For First-Time Home Buyers)

Mortgage Loan Types

Payment and Debt Ratios

Home Value: Appraised, Estimated, Actual