Closing is when you actually make the financial commitment to home ownership and where the legal transfer of property takes place.

Be prepared at closing to do basically two things:

Sign Legal Documents

These documents fall into two categories: The agreement between you and the lender regarding the terms and conditions of the mortgage and the agreement between you and the seller to transfer ownership of the property.

Once you understand all the documentation, you’ll sign the mortgage or deed of trust and a mortgage note as well as other paperwork required by the lender. Ask your Security Mortgage Loan Officer in advance of closing about any question or concerns that you may have. Remember, you can ask plenty of questions at your closing if necessary.

Pay Closing Costs and Escrows

There are some numerous fees associated with obtaining a mortgage and transferring property ownership. Many of these have been described previously on this site. Make sure you have a cashier’s check for the exact amount ready at closing to present to your lender. Your Security Mortgage Loan Officer will provide this information to you prior to closing, so make sure you come prepared.

Finally, you’ve signed all the legal documents and have made the commitment.

Congratulations, you are now a Homeowner. Enjoy your new home!

Home ownership is a large piece of the American Dream, and for good reason. Your home is far more than a place to live. It’s your own piece of the world, a space which represents your investment in your future and in the future of the community where you live.

More than anything else you own, your home becomes an extension of your personality. As you live there, your home begins to reflect your lifestyle, your values, your imagination, and your pride.

Stay In Touch

During the time you own your home, it is a good idea to stay in touch with your Security Mortgage Loan Officer. In the future, your Security Mortgage Loan Officer will be able to help you as necessary with the continuing financial benefits of home ownership. They can help you with...

• Refinancing your current mortgage to a lower rate
• Refinancing to a different loan
• Refinancing to take "cash out" for home improvements
• Buying your next home!

Your Security Mortgage Loan Officer is always there to help you in any way he or she can. Call your Security Mortgage Loan Officer with your new ideas and questions. There’s no one better qualified to help you achieve your future goals for the way you live.