What is the process for closing a mortgage with Metro Capital?

The process for closing a mortgage with Metro Capital Mortgage Corporation typically involves several key steps designed to ensure a smooth transaction. First, after selecting a loan product that meets your needs and submitting the necessary documentation, you can expect to receive a Loan Estimate. This document outlines the terms of the loan, including interest rates, closing costs, and other fees. Once you have reviewed and accepted the terms, the underwriting process begins. During this stage, Metro Capital evaluates your financial information and the property you wish to purchase or refinance. After approval is granted, you will receive a Closing Disclosure, which provides final details about the loan terms and costs. Prior to closing, you may also have an opportunity to complete a final walkthrough of the property to ensure it is in acceptable condition. The closing meeting itself will usually involve signing various documents and making any necessary payments, such as closing costs or down payments. Metro Capital Mortgage typically encourages borrowers to thoroughly review all documents and ask questions for clarity. For accurate and specific information, visiting the official Metro Capital Mortgage Corporation website can provide additional details and guidance on the closing process.