The mortgage closing, also called settlement, is the final step where ownership of the property is officially transferred to you. The closing typically takes place at a title company or attorney office and lasts about one to two hours. During closing, you will review and sign numerous documents including the Closing Disclosure which details all final loan terms and costs, the promissory note which is your promise to repay the loan, the deed of trust or mortgage which gives the lender a lien on the property, and various affidavits and disclosures. You will also present your government-issued photo ID, proof of homeowners insurance, and a cashier check or wire transfer for your closing funds. The seller signs the deed transferring ownership to you. Once all documents are signed and funds are disbursed, the deed is recorded with the county and you receive the keys to your new home. At NMHL, your loan officer and closing coordinator ensure you understand every document before you sign and are available to answer questions throughout the process.