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- step 6
The "closing" occurs when the finalized loan documents are signed, and the mortgage funds are disbursed. At this time, you will officially own your new home!
- Depending on the practices and conventions in your local area, the time between signing the purchase agreement and your closing date may be anywhere from 30 to 60 days.
- Your loan officer and real estate agent can help you create a reasonable estimate for how long it will take to complete the purchase of your home.
It's important that you understand what happens in the closing process before you get to it. This is a good opportunity for weighing the pros and cons of a home equity line of credit, while also ensuring that everything is in place for a smooth closing.
Homebuying?
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A home inspection is not required by Chase, but is highly recommended.
