BROUGHT TO YOU BY
Utah Mortgage Lender
Utah Loan Rates
LOAN RATES
Mike Delgado
LOAN SPECIALIST
30 Year Fixed5.250% APR
FHA/VA5.374% APR
15 Year Fixed4.750% APR
Updated 03.11.2010
Featured Home In Draper
FEATURED UTAH HOME
$159,900 - Draper (84020)

This Rambler/Ranch Condo home built in 2005 and has 2 bedroom(s), 2 bath(s), on 0.01 acres and 1,147 sq. ft.
 
Closing Guide

SETTLEMENT & CLOSING GUIDE

There is often times confusion between the terms "Settlement" and "Closing". Many people use those words interchangeably, however they both have their own meanings. Here is a summary of both.

Settlement occurs when:
  1. Buyer and Seller have signed and delivered all documents required.
  2. Buyer has delivered all funds required (excluding the new loan) as cleared funds such as a cashier checks or electronic funds transfer (EFT).

Closing occurs after Settlement has been completed and when:
  1. The money for any new loan(s) has been delivered to the title company (settlement agent).
  2. The documents have been recorded in the county records.

It is important to understand the Escrow Process (Settlement & Closing) and to know what to expect for title related costs such as title insurance and taxes. If you still have questions after viewing the guides, please contact your assigned zoomUTAH.com Real Estate Agent.
Login
MEMBER SIGN IN
E-MAIL ADDRESS PASSWORD

 
Zoom Real Estate  Utah MLS Logo
UTAH REAL ESTATE LISTINGS | LOANS | BLOG | SITEMAP | RESOURCES | ADVERTISE | Privacy/Terms of Use Policy
zoomUTAH.com: 889 W Baxter Dr. • South Jordan, UT 84095