Internet Banking Facts
 
 

What to Expect at Closing

One part of the loan process is the end of it called the closing. This is where you need to expect the unexpected at this point of getting a loan. Here is what you should be ready for when you get to this point:

  • Expect that they might say you are approved for the loan.
  • Expect that they might deny your loan application.
  • Expect high or low interest rates.
  • Expect a high or low monthly payment.
  • Expect to pay all closing costs

These are just a few of the things that will happen during closing. Be sure to talk with your realtor or loan officer to ensure you are ready for anything that may occur.