Our Location

The Airport Business Center
611 Access Road
Stratford, CT 06615

Closing Your Real Estate Transaction

Occasionally the closing date will be jeopardized just days prior to settlement. Arrange a 60-day locked-in interest rate at application time. Home ownership is the largest single investment you will most likely make during your life. It’s in your best interest to be educated. Pay close attention to every detail and you will win at the real estate game. Your Real Estate Agent’s responsibility is to make sure you succeed by avoiding the top sixteen errors purchasers most commonly fall prey to. After all, your Real Estate Agent’s reputation depends on referrals generated from 100% client satisfaction!

Here’s a list of the costs you can expect when closing your loan:

  • Mortgage fees
  • Administrative fees
  • Application fees
  • Appraisal fees
  • Survey fees
  • Loan origination fees
  • PMI (Private Mortgage Insurance)
  • Points
  • Title Insurance
  • Credit report cost
  • Future interest payments, depending on the loan terms
  • Title fees
  • Title transfer fees
  • Recording fees
  • Additional state or local taxes (could include property taxes)
  • Insurance
  • Homeowner’s insurance
  • Flood insurance, if required by law
  • Other professional fees
  • Attorney fees
  • Escrow company fees
  • Closing company fees

Key Closing Documents You’ll Receive

HUD-1 Settlement Sheet

This itemizes the services provided and the charges to the buyer and the seller. You should be allowed to review this form shortly before your closing meeting so you know your closing costs in advance.
Truth-in-Lending (TIL) Disclosure

You should be mailed your initial TIL disclosure within three business days of applying for a home loan. It outlines the costs of your loan and discloses the annual percentage rate (APR) and other terms of the loan, including the finance charge, the amount financed, the payment amount and the total payments required. Since it’s possible that the APR calculated at the time of your loan application will change a little before closing, your lender is required to give you the final version of your TIL disclosure at or prior to the closing meeting.
Deed of Trust or Mortgage (also known as the Security Instrument)

These documents convey a lien in your property as security for repayment of your home loan. (This means that if you default on your loan, your lender has the right to foreclose your ownership interest and take possession of the property.)
The Note

The mortgage (or promissory) note represents your promise to pay the lender according to the agreed terms. It includes the dates on which your home loan payments must be made and the location to which payments must be sent.

Larracuente & Johnson 5-Star Reviews

I would highly recommend Lucy, she sold my house in no time. She also found me a beautiful apartment in the area I was looking at and in my price range. Lucy is the best!

jennifer hoffmann95

Larracuente and Johnson Realty
5.0
2017-06-03T17:00:53+00:00

jennifer hoffmann95

I would highly recommend Lucy, she sold my house in no time. She also found me a beautiful apartment in the area I was looking at and in my price range. Lucy is the best!
Clients love Lucy! Everyone raves about how thorough she is and how she always gets the job done, no matter the obstacles. She has a pleasant, wonderful personality to go with her excellent real estate expertise. She is the best!!!

maribeth5

Larracuente and Johnson Realty
5.0
2017-06-03T17:04:34+00:00

maribeth5

Clients love Lucy! Everyone raves about how thorough she is and how she always gets the job done, no matter the obstacles. She has a pleasant, wonderful personality to go with her excellent real estate expertise. She is the best!!!
I had a great experience with Lucy Johnson. She is highly motivated and extremely knowledgeable. She gets the job done! Best Realtor by far. 5 stars really isn't enough to rate her. She's awesome!!!!!

yallen999

Larracuente and Johnson Realty
5.0
2017-06-03T17:05:24+00:00

yallen999

I had a great experience with Lucy Johnson. She is highly motivated and extremely knowledgeable. She gets the job done! Best Realtor by far. 5 stars really isn't enough to rate her. She's awesome!!!!!
I have known Lucy Johnson professionally for more than 15 years. She is one of the hardest working Brokers I know and has done all of my real estate transactions, from selling to buying property. Try her, to know her is to love her!

tmayswo

Larracuente and Johnson Realty
5.0
2017-06-03T17:05:51+00:00

tmayswo

I have known Lucy Johnson professionally for more than 15 years. She is one of the hardest working Brokers I know and has done all of my real estate transactions, from selling to buying property. Try her, to know her is to love her!
Lucy immediately sold my duplex house and found another house for me, a one family house with 4 Bdrs and 3 Baths perfect for my family. I can not thank her and her staff enough for all their help and support. With Larracuentes & Johnson Realty your dreams come true..

wiynee

Larracuente and Johnson Realty
5.0
2017-06-03T17:07:04+00:00

wiynee

Lucy immediately sold my duplex house and found another house for me, a one family house with 4 Bdrs and 3 Baths perfect for my family. I can not thank her and her staff enough for all their help and support. With Larracuentes & Johnson Realty your dreams come true..
If you want to be treated in an honest and respectful manner, Lucy is your go to Real Estate Professional....Meeting Lucy this past spring was an answer to prayers....

Izzy and Genny

Larracuente and Johnson Realty
5.0
2017-06-03T17:07:53+00:00

Izzy and Genny

If you want to be treated in an honest and respectful manner, Lucy is your go to Real Estate Professional....Meeting Lucy this past spring was an answer to prayers....
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