What is “clear to close”?
Very soon we should receive what’s called the “Clear to Close” from your mortgage lender and underwriter. What does Clear to Close mean? Clear to Close tells us the lender has looked at all the paperwork, your bank accounts, etc. and have given final approval on your loan. By giving us the Clear to Close, they are saying we can proceed with the closing and that they will fund the purchase of your new home, which is great news!
Once the Clear to Close is received, we will confirm the date and exact time of your closing with the title company. In addition, we’ll schedule the final walk-through inspection of your new home, which is usually conducted the day before closing.