Very soon, we should receive what’s called the Clear to Close from your mortgage lender and underwriter.
What does Clear to Close mean?
Clear to Close means that the lenders and underwriters have reviewed all of the necessary paperwork, including your bank accounts and financial documents, and have approved your loan. Essentially, by issuing the Clear to Close, they are confirming that everything is in order and we can proceed with closing. This is fantastic news because it means they are ready to fund the purchase of your new home!
Once the Clear to Close is received, the attorneys will schedule the closing date, time, and location. They will then notify all parties involved once it’s confirmed.
In addition, we’ll arrange the final walkthrough of your new home, which is typically done the day before closing. This is your chance to ensure that the home is in the same condition as when you last saw it and that any agreed-upon repairs have been completed.