A calculator a house and a $1 bill in the background
Chapter 6: Closing

You're in the homestretch of owning your home. Here's what to expect in the final meeting, the closing.

Finally, you've reached the closing on your property. In this chapter, we'll detail the documents you'll have to sign, what money you have to pay and who will most likely attend your closing and what documents you will be taking away for safekeeping. We'll also explain what an escrow account is and what the ramifications might be if you try to avoid it.

What you can expect to learn from this chapter:
  • Understanding the closing process
    There's a lot of paper signing at a closing. Here's what you'll be signing, what money you'll be paying and who will be present at your closing.
  • Chapter 6 quiz
    Did you learn enough about closing and escrow? Take our quiz.



Show Bankrate's community sharing policy
          Connect with us

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.


Crissinda Ponder

FHFA conforming loan limits mostly unchanged

The conforming loan limit will stay at $417,000 for one-unit properties in most U.S. counties, the Federal Housing Finance Agency said Wednesday.  ... Read more

Partner Center

Connect with us