Closing
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The closing is the final phase of your homebuying and mortgage process, so now your new home is just a few steps away. If you haven't already, make sure you do the following:
- Review your loan commitment with your lender to make sure you understand all the requirements.
- Set the closing time and date based on your sales contract and the loan commitment expiration.
- Confirm that a survey of your property has been ordered. Check with your closing agent or attorney.
- Make preparations to move (notify your landlord, complete change of address forms, arrange for utilities to be disconnected at your current address and made available at your new home, and plan your actual move).
- Conduct a final walk-through inspection of your home-to-be.
- Make sure you've satisfied all the requirements of your agreement with the seller.
- Get a certified or cashiers check from the bank for your closing costs. Cash or personal checks are generally not accepted.
On closing day, ownership of the property will be transferred from the seller to you, and you will sign documents that acknowledge your rights to the property you have purchased, your agreement to repay the money you have borrowed, and the lender's right to the property if you default on the loan. A closing agent (an attorney of your choice or a title agency representative, depending on local custom) will coordinate and distribute all the paperwork and funds, according to the terms agreed upon by you and the seller.
On-Time Closings – Guaranteed
Nothing frustrates homebuyers more than delays in the closing schedule. That’s why we offer you our exclusive Axis Capital Closing Guarantee .
We will close your loan on or before the closing date stated in your original purchase contract or we will write you a check for $1,000.00.
The Axis Capital Group Guarantee reflects our commitment to excellence and to you. As one of the nation’s leading residential mortgage lenders, we have on-time closing down to a science. On the rare occasion when our timing is off, we’ll make up for small delays in a big way.
Our money-backed Axis Capital Group Closing Guarantee means you can feel confident about finalizing your home purchase. It’s just one more reason to feel comfortable about choosing Axis Capital Group Inc. As soon as you've taken care of the paperwork, you're a homeowner! Grab the house keys and get ready to start life in your new home.
