Before you close, your lender will pull your credit score one last time. It is crucial that up until this point you do not make any major purchases or withdraw or deposit any large sums to your bank account. Your lender distributes funds covering your home loan amount to the closing agent, or title company. Your Home Buyer Grant money, and most other grants, will be sent to the title company handling your closing.
You may be required to set up a second escrow account to cover property taxes and home owners insurance in addition to your monthly mortgage payment.
You, your agent, the seller, and the seller’s agent will go through the bill of sale for the home and sign off that everything is in order. Once the signing is complete, both realtors receive their payment and you get your keys and go home!
Prior to signing you will do a walk through with your agent and make sure anything that was supposed to be repaired as the result of the home inspection is in order