During the closing process of purchasing a home with Fidelity Bank, you can expect to go through several key steps: Final Review of Mortgage Terms: Before closing, you’ll have a chance to review the terms of your mortgage. This includes the loan amount, interest rate, repayment schedule, and any other financial details involved in the mortgage agreement. Closing Costs: Be prepared to cover the closing costs, which can include loan origination fees, attorney fees, title searches, title insurance, surveys, taxes, and deed-recording fees. These costs can vary widely but generally range from 2% to 5% of the property’s purchase price. Required Documentation: You’ll need to sign various legal documents, which might include the closing disclosure, mortgage note, mortgage or deed of trust, proof of insurance and the deed. These documents formalize your obligation to repay the mortgage and transfer the ownership of the property to you. Final Walk-through: This is typically done to ensure that the property is in the agreed-upon condition, that necessary repairs were made, and that the house is ready for you to move in. Escrow Account Setup: If your lender is handling your property taxes and homeowner’s insurance, you might need to set up an escrow account at this time. This account will hold funds to pay for these expenses when they are due. The Fidelity Bank Mortgage Consultants, will guide you through each step, ensuring that you understand all aspects of the process and feel comfortable moving forward. We offer a streamlined application process via the Fidelity Bank Mortgage App, which keeps you updated throughout the mortgage process.