What documents will I need to sign at closing?

When purchasing a home in California, you will need to sign several documents at closing. This can include a promissory note, which is essentially an agreement to repay the loan; a deed of trust, which states your responsibilities as a homeowner; and a settlement statement, which itemizes all the fees and payments that are due at closing. In addition, there are several other documents that you will need to sign at closing. These can include a borrower’s affidavit, which states that you have the capacity to borrow the loan and you agree to its terms; a deed registration form, which records the deed in the public records; a hazard insurance policy, which helps protect your property; and a loan application authorization, which authorizes the lender to obtain information needed to process the loan. Finally, you may also have to sign a Truth in Lending statement, which discloses the terms of the loan including payment amounts, annual percentage rates, and any fees associated with the loan. It is important to understand the terms of the loan before signing the Truth in Lending statement. In short, you should be prepared to sign a variety of documents, including the promissory note, deed of trust, settlement statement, borrower’s affidavit, deed registration form, hazard insurance policy, loan application authorization, and Truth in Lending statement. Make sure to read each document carefully to make sure you understand the terms and conditions of the loan.

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What documents will I need to sign at closing?

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