Select A Department:

Courses in this Department

How Ready Are You to Buy a Home?

Determining Your Dream Home and Finding It!

Factory Built Homes Are Worth a Look

Purchase Manufactured Homes with FHA Loan

How to Buy a Foreclosed Home

Pros and Cons of Corner Lots

Know the Neighborhood Before You Buy

Tune in to an Open House on the Radio

Finding a Qualified Broker or Agent

Shopping for a Loan and Choosing a Lender

How to Improve Your Credit

How to Survive the Loan Application Process

Making an Offer and Signing Contracts

Cancel Your Contract in 3 Days

Understanding the Closing/Settlement Process

Choosing Home Inspection and Settlement Professionals

Double Check Your New Home - The Walkthrough

Know Your Consumer Rights

Seniors Have Many Housing Opportunities

Preparing for the Big Day -- Relocating Moving

Make Your Home Your Castle - Cost Effective Redecorating Ideas


What do you know?

What is settlement, anyway?

The Settlement Process Is the Final One Before Owning
Get Ready to Be an Owner!

By the time you reach settlement, your loan is approved and your contract is signed. The process of purchasing a home is an exercise in delayed gratification. In order to get a mortgage loan, you had to cough up tons of personal documents and expose your finances in excruciating detail. You had to survive the agony of contract negotiations with the seller and arrived at a price. So, now it's time to simply sign the dotted line and finally move in, right? Not yet!

Settlement is just one more important step before you get the keys to your new home. It's the last meeting between you and the seller, chaperoned by an attorney or settlement agent, when you sign your loan papers and take official ownership of the property.

Hard on the Nerves
So keep your head.

Closing on a home can be a little nerve wracking-it's easy to wonder what might go wrong at the last minute. But there's no reason to worry, especially if you arm yourself with the right information beforehand. You need to know what closing costs are, what to expect, and how the whole settlement process works. You'll feel better with a clear understanding of where the money's going and what services you're buying with it. Most of all, you'll be able to cut your closing costs.

Page 2 of 7