Get ready to close your mortgage in 1, 2, 3

August 15, 2019
Get ready to close your mortgage in 1, 2, 3

Closing a mortgage is an unforgettable moment. It represents the culmination of a critical goal and the beginning of a new stage of life. Get ready for your closing by following these three steps:

  1. Meet your Closing Officer

Your closing officer is a trusted professional who will prepare and present all the numbers in your closing disclosure. He will also coordinate all of the details of the settlement with the notary, and arrange the appointment between you, the seller and the notary. The closing officer will clear up any doubt you may have regarding the process, take advantage of this knowledgeable and experienced professional!

  1. Days before de closing
  • Three days before your closing

You’ll receive your closing disclosure at least three days before your appointment since federal regulation grants you time to closely analyze it. At this time, you will also compare the closing costs with the loan estimate (document delivered within three days of receiving your loan application that includes interest percentage, monthly payment, and the total cost for the closing).

  • Closing day

You’ll sign all the documents you received from the bank, as well as the purchase agreement, the mortgage deed, and the mortgage note, the latter in the presence of a notary. Make sure that your personal information and the terms of the loan are correctly recorded in all of these documents.

  1. Remember what you must bring to the closing

You’ll need a current local or federal government-issued photo ID. Avoid delays by asking what form of payment is required to cover part of the closing costs.

Celebrate your achievement

Once you’ve signed the papers, it’s time to share the good news with the people you love and plan the house warming party. Put that new home to good use!

Purchasing a home is a great experience, but it can be more rewarding when you are well-informed about the process. Meet with one of our mortgage consultants, visit any of our mortgage centers throughout the Island, call 787.707.7070, or visit