IK Financial Metarials
Mortgage Glossary

Mortgage 101 - Closing Date

What is a “Closing Date?”
The date on which the purchase of a property becomes final and the buyer takes possession of the property.
What is happening on this day?
🔹You will meet with your lawyer 2-3 days before the scheduled closing day. You must provide the rest of the down-payment as well as the closing costs to Your lawyer
🔹Your lender will provide the funds to your lawyer on the closing day
🔹Your lawyer closes the transaction with the seller
🔹Your lawyer registers the home in your name
🔹You are receiving the keys to your new home
To have a smooth closing day, it is essential to have everything prepared ahead of time. Contact Inna and Katerina, and they will make your HOME-DREAM come true:
Inna Bogdanov 416.268.0004 | Inna@ikfinancial.com
Katerina Markevich 416.388.8153 | Katerina@ikfinancial.com