At Your Closing

When your home is complete, a closing will be scheduled for you to sign the final paperwork for your new home. The closing will be at the following location:


Providence Title
Denise Smith
Area Vice President/Escrow Officer
700 E. Sonterra Blvd. Suite 1215
San Antonio, TX 78258
Phone: 210-495-0396
Fax: 210-495-8018
dsmith@protitletx.com

The Closing Process
This document provides a flow chart of the closing process and the documentation required for closing

 Buyer’s Estimated Closing Costs
This chart will give you a good idea of the estimated closing costs you will be responsible for at your closing.

Click here to download PDF document
 
Click here to download PDF document

 

Final Truth-in-Lending Statement (TIL)
This document provides full written disclosure of the terms and conditions of a mortgage, including the annual percentage rate (APR) and other fees. It is exactly the same as the TIL that you received immediately after your initial application, except it has been updated to reflect the final rate and fee information. Federal law requires that all lenders provide you with this document at closing.

 HUD-1 Settlement Statement
This document provides an itemized listing of the funds that are payable at the closing of a mortgage loan. Items that may appear on the statement include commissions, recording fees and all of the other fees associated with your loan, i.e., points, appraisal costs and escrow amounts. Most items on the statement are numbered according to a standardized system used by all lenders. This document is commonly known as the closing statement or settlement statement and both the buyer and seller must sign this document

Click here to download PDF document
 
Click here to download PDF document

 

Loan Note
This is the document you sign to agree to repay a loan. The note will provide you with all of the details of your loan including the interest rate and length of time to repay the loan. It also explains the penalties that you may incur if you fall behind in making your loan payments.

Mortgage
This document pledges a property to the lender as security for repayment of a debt. Essentially this means that you will give your property up to the lender in the event that you cannot make the mortgage payments. The Mortgage restates the basic information contained in the note, as well as detailing the responsibilities of the borrower.

 

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