Understanding the Clear to Close Process 

Understanding the Clear to Close Process 

For home buyers, the phrase “clear to close” is one of the most exciting words you’ll hear. It means that all of your documents have been reviewed and approved, and your mortgage lender has given you the green light to move forward with closing on your new home. But what does it really mean when you hear that phrase? Let's break it down. 

The Clear to Close Process 
The clear to close process is the final step in getting a mortgage loan approved. After submitting all of your paperwork, you will receive a conditional approval from your lender. This means that they have reviewed all of your documents and determined that you are eligible for a loan based on their criteria. However, before they can give you a clear to close status, there are still some items that need to be taken care of. 

First, the lender will conduct an appraisal of your property in order to make sure that it meets their standards and is worth what you offered for it. Once this is done, they will look over any additional documentation such as title work or insurance policies associated with the purchase in order to ensure everything is accurate and up-to-date. Finally, they will review all of these documents one last time in order to make sure everything checks out before giving you a “clear to close” status.  
       
Benefits Of Being Clear To Close 
Once you have been given a clear to close status, there are several benefits that come along with it. First, you can begin scheduling your closing date as soon as possible so that everything with regard to the sale goes smoothly and without any delays or surprises. Additionally, being “clear to close” marks an important milestone in the home buying process; it means that all of your hard work has paid off and now everything is ready for you take ownership of your new home!

                                                                                                
When buying a home, understanding what "clear to close" means can be invaluable information for prospective homeowners. Knowing what this phrase indicates and how it affects the purchasing process can help ease anxiety about whether or not closing day will go off without any hiccups or complications. The clear to close process may seem daunting at first but once complete can provide much needed peace of mind about one's financial commitments going forward!

To get pre approved to purchase a home start by filling out an application https://www.blink.mortgage/app/signup/p/edgehomefinancecorporation/noworytagutierrez

Edge Home Finance Corporation NMlS #1950898 Company NMLS# 891464