Question

Select the list that has the steps of the closing process in the right order.

Apply for mortgage
Do final walk through
Sign closing documents
Purchase homeowners insurance


Apply for mortgage
Purchase homeowners insurance
Do final walk through
Sign closing documents

Answer 1

Apply for mortgage
Purchase homeowners insurance
Do final walk through
Sign closing documents

Answer 2

The closing process is:

• Apply for mortgage
• purchase homeowners insurance
• do final walk through
• sign closing documents

Step-by-step explanation:

There are actually other process that come in between this process listed but these are the major processes

Apply for mortgage: you need to secure your mortgage with a company that helps you organize the whole process ensuring a good agreement is reached between buyer and seller and all the conditions are met and to get you the needed finance

purchase homeowners insurance: Insurance is a very crucial part of the process because it is needed as part of the closing documents so need to purchase the previous owners Insurance.

Do final walk through: you have to go verify and check the property physically once more

sign closing documents : This is the final stage after signing your keys will be given to you as the new owner