Loan Settlement and Closing

Congratulations! By this time, your home has been inspected, mortgage approved, and all requirements have been met. However, you must still settle all the financial details associated with the purchase and receive the title to your new home.

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How We Can Help

At the Law Office of Heng A. Chen PLLC, we are committed to serving you, whether you are the buyer or the seller. It is essential that you review all of your closing documents with an attorney to ensure there are no errors or problems before the closing begins.

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The aforementioned closing documents include:

(1) the Mortgage, a separate document to be signed at closing, pledges your home as security for the loan (in some states, buyer(s) sign a Deed of Trust rather than a mortgage, but both documents serve the same purpose)

(2) the Mortgage Note, your promise to repay your loan, it indicates the terms and conditions of your loan and how it will be repaid (the amount of your monthly mortgage payment for principal and interest, when it is due, the length of the mortgage, etc.)

(3) the Closing Disclosure provides details on the final loan terms and the itemized costs associated with the loan

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For more on closing your loan:

Homebuyers: Closing Your Loan