Buying a home is a dream come true for many people, and before that dream can be realized, there’s one more important step – getting the “clear to close”! What exactly does that mean?
In short, a “clear to close” means that everyone involved in the home-buying process has given their approval. This includes your lender, appraiser, and any special programs like FHA or VA loans. It’s almost like getting a green light – with no surprises!
Before you can get your “clear to close” letter from your lender, they need to make sure that all loan documents are signed and reviewed, and double-checked. This also happens with appraisers who evaluate the value of the home, so there are no surprises when it’s time to sign on the dotted line.
So once you have received your “clear to close” letter, it means that all parties involved in making this happen have said yes! However, even with a clear to close in hand, you still need to double-check everything on closing day – from mortgage terms to homeowners’ insurance policies – just in case something comes up (which isn’t ideal). But if all goes well, then congratulations – you’re almost done and ready for homeownership!
The Title Company will reach out to schedule the time of closing, and we will schedule our final walk-through with you. We are getting closer!
Next, Step 15: Connect Utilities
Leave a Reply