Before settlement occurs, our closer will have received “wiring” instructions from your the settlement agent so that we may deposit the funds you are borrowing into the agents account on closing day. The agent is responsible for disbursing these funds to the appropriate party (the seller in the case of a purchase or the existing lien holder in the case of a refinance) as soon as settlement is completed.
While at settlement you will read and sign numerous documents relative to the purchase or refinance of your property. Several of these documents will be familiar to you as they were provided to you in the initial package you received from the Case Manager. Your settlement agent will be able to answer any questions you may have regarding these documents and, as always, we are available to help as needed.
Most settlements run very smoothly and can take as little as 60 minutes to complete.
Congratulations! You have now completed the process. We sincerely hope at this point that we have been able to provide the kind of help, assistance, information and support you needed to consummate the best possible financial arrangement for yourself and your family. Thank you for choosing American Finance and Investment to assist you with your financing. We’ll be here when you need us next.
......
.....