The Closing...

 

 

... Is usually held at the lender attorney’s office or the county registry of deeds. After you sign the required mortgage loan documents, the bank transfers the loan money to the lender’s attorney, and the attorney then pays off any existing mortgage loan that the seller has secured by the property and pays the seller whatever is left over. The seller signs the deed to the property over to you and gives you the keys. If the loan is not enough to cover the price and all the costs, you need to need to bring a bank check for the difference—so it is important to make sure you have enough money beforehand. Alliance Realty will make sure all the money is ready at the best possible rate and terms before you get to the closing. Throughout the entire process, you have the benefit of our expertise (twenty years—$1.5 billion in loan closings) in structuring financing and accessing many different sources. We can save you quite a bit of time and money, and we are paid to do this by whatever lender is selected to provide the money. Why? Because the lenders want your business and they give us access to better rates and terms than you could get from going directly to any individual lender. We provide volume to them that is unattainable by an individual borrower. We also know where to find the best match of loan program, rate, and terms to borrower objectives and credit profiles. We have the interest rates and underwriting requirements for many lending sources and thousands of loan programs available to us daily. Because of this, we are able to evaluate real interest rate and other information to make sure the loan gets approved and closed on time at the best possible rate and terms available to complete your transaction.

 

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