Some people may choose to apply earlier and be pre-approved for a home mortgage. Talk to your loan manager if you want to choose that option. The buyers must have a home owner's policy ready for the new home as well as have the utilities hooked up or transferred into their names. Buyer should also get the exact amount from their lender needed at closing. The money due should be in the form of a certified check.
Closing represents the transfer of title or ownership of the property from the seller to the buyer.
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