Are you wondering what to expect at the closing of your home loan?The following list will help enlighten you on what might transpire:

GOING OVER AND SIGNING OF THE LOAN PAPERS:

Some of the papers that you will review and signed will be the mortgage, note affidavits, truth-in-lending statements, closing costs and escrow statement that will review how much in real estate taxes and insurance escrows.

EXCHANGE LOAN PAPERS:

In most cases, the seller will provide several documents for your inspection to verify that they are correct:

• Property survey
• The deed
• Insurance certificate
• Co-op assessment full-payment certificate
• The bill of sale
• Possibly termite, radon, lead paint inspection. Utility bills

DISTRIBUTION OF FUNDS:

• Cashier checks, certified checks or wire transfers – no personal checks
• The seller, the seller's lender, the brokers, the title company and attorneys are paid