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mortgage clear to close

The mortgage commitment is an important step in the approval process. But it doesn’t mean you’re out of the woods entirely. The commitment letter might come with a list of conditions you must satisfy, before the lender gives you the clear-to-close signal.

The clear to close letter is essentially the letter of final approval. It means that any conditions that had to be met for the loan to move forward have been met, whether those conditions are from the buyer’s side or the lender’s side. This letter clears the way for the closing process to begin.

A clear to close on mortgage (CTC) is ultimately the finish line in the mortgage process. A clear to close is when the mortgage lender have processed the mortgage loan application. Clear To Close are issued by mortgage underwriters. Prior to CTC, the mortgage underwriter has underwritten the mortgage loan.

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The clear to close letter is essentially the letter of final approval. It means that any conditions that had to be met for the loan to move forward have been met, whether those conditions are from the buyer’s side or the lender’s side. This letter clears the way for the closing process to begin.

Congratulations! Upon full mortgage approval, we will proceed to close. The closing attorney will coordinate and confirm the closing date, time and location with all parties. NOTE: If the closing date changes, I need a minimum of 48 hours to prepare closing documents.

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Once all of the conditions are handled, you will get the "Clear to Close" which are the words everyone is anxiously waiting for. This means that your file is complete and you can close.

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Pike Creek Mortgage Services is a licensed mortgage lender in Delaware, DC, Florida, Maryland, New Jersey, Pennsylvania and Virginia. We are the largest independently owned and operated local mortgage lender in Delaware for over 20 years. We offer loan products for every mortgage need, from the first time homebuyer to the customer looking to refinance their vacation home.

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