Detroit Real Estate

So how long does a closing take when you are buying a house and doing a mortgage?  When you do home closing with a mortgage there are basically two parts.  You will have the real estate / title company documents.  Then you will have the mortgage documents.

The real estate side of your closing is only about 5 -10 papers and takes less than 10 minutes.   It is the mortgage documents that take the time.  There will be about 25 -50 papers that you will have to sign.  So warm up your hand.  If both you and your spouse have to sign it takes time.   I would plan to spend anywhere from 1 hour to an 1 1/2 in the closing.

We send you the real estate documents a few days before the closing when we get them for the title company.  You can also ask your mortgage loan officer to send you the complete mortgage package 2 days before so you can read over the mortgage documents.  If you have a day to read over the documents you will feel comfortable signing them quickly because you can ask your questions before the closing.

My Quote of the Day

Our greatest glory is not in never falling, but in getting up every time we do.

                                                                            Confucius