8 Steps to Buying Your First Home : Step 7

Step 7 : Finalize Your Loan

Once you finish attorney review you deliver the final set of earnest money. Then you work with your lender to finalize your loan in time for the closing date. The biggest step between now and closing is called the appraisal. This is where the bank verifies the value of the home you’re looking to buy. Once everything is approved, you get a clear to close document, which is basically a green light for the lenders and attorneys to schedule a closing.


Additional Episodes

Episode 1 : Getting Pre-Approved
Episode 2 : Connecting with a Real Estate
Professional
Episode 3 : Finding the Right Home
Episode 4 : Paying the Right Price
Episode 5 : Earnest Money
Episode 6 : Attorney Review
Episode 7 : Finalizing Your Loan
Episode 8 : Walk Through + Closing Day

Check out the full series on our Facebook and Youtube channels.

 


RENT WITH VESTA PREFERRED REALTY, BUY WITH RNP GROUP.
Vesta Preferred Realty is a licensed real estate broker in the state of Illinois with offices located at the address below: 

1001 N Milwaukee Ave Suite 401, Chicago, IL 60642.

RNP Group is the residential real estate sales arm of Vesta Preferred Realty. Equal Opportunity Housing.