The Title Professionals - "We Close The Deal.", Real Estate Settlement

How Do I Know How Much Money to Bring to Closing?

As the escrow agent, we gather information from numerous third parties, such as lenders, Homeowner and Condominium associations, county tax offices, Realtors, etc. to determine the bottom line for clients who are closing. Because we must rely on these third parties, sometimes we are unable to provide you with the exact amount you need to bring to settlement until shortly before closing. For example, many lenders will not provide the settlement agent with the final figures until the day before or even the day of closing. However, you should be able to determine the approximate amount you need for closing from your loan officer’s or realtor’s “Good Faith Estimate.”