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Step 4: Close Loan  
   
After the loan receives final approval, you will be required
 
to sign the loan documents.
 
Be prepared to:
   
1.
Bring a cashier’s check for your down payment and closing costs (for a purchase transaction). Personal checks are normally not accepted.
-
 
2.
Review the final loan documents to ensure the interest rate and loan terms are what you were promised. Also, verify that the name and address on the loan documents are accurate.
   
3.
Sign the loan documents.
   
   
Your loan will normally close shortly after you have signed the loan documents.
   
  Purchase loans will close and fund the same day that you sign the loan documents.
   
  Refinance loans on investment properties will close and fund the same day that you sign the loan documents.
   
  Before your loan will close and fund, refinance loans and home equity transactions require 3 days for you to review the documents after signing.
 
 
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