The law now requires that the buyer must receive the final closing disclosure from their lender at least 3 days prior to the closing date. This document will display all of your costs associated with obtaining the loan and buying the home. It will also tell you the amount of money you’ll need to wire to the closing attorney’s office prior to the date of closing.
Hopefully, the attorney’s office will have the information needed to provide your agent a copy of the final settlement statement as well so both you and your agent have time to examine it and discuss any questions you may have. However, it is not unusual to see it for the first time on the day of closing.
You will need to make sure that any issues that arose during the walk-through have been taken care of before you attend the closing. Please be aware that settlements are usually scheduled every hour of the day so it’s important to allow for an hour to complete the settlement. Try to avoid a settlement late in the day because it might not settle until very late or possibly even the next day.
The most important thing to note in the buying process is that your Realtor® should be with you every step of the way. They are there to guide you, counsel you, and protect you. Trust that their years of experience will help you have the most favorable outcome when buying a home.