What happens on
closing day?
Closing day is the day you become the official owner of your
home.
Typically, you visit your lawyer's office to review and sign
documents relating to the mortgage, the property you are
buying, the ownership of the property, and the conditions of
the purchase. Your lawyer will also ask you to bring a
certified cheque to cover the closing costs and any other
outstanding costs.
Once the mortgage and the deed for the property are
officially recorded, you become the official owner of the
property and your lawyer will call you to pick up the keys
to your new home.
Congratulations! You've just bought a home! |
