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Posts Tagged ‘Closing’

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What is a Dry Closing?

A dry closing is a closing where all documents are signed, but the transaction isn’t funded on the same day. The lender typically wires the funds the next business day, after completing final reviews. Until the money arrives, the buyer ...

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Settlement Statement vs Closing Disclosure

When you’re preparing to close on a home, you’ll receive several final documents outlining your loan terms, closing costs, and the exact amount each party must pay or receive. Two of the most important are the closing disclosure and t...

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