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1. The
lender's agent
will ask for your paid home insurance policy.
2.
The agent will list the
adjustments.
These include the money you owe the seller (the remainder of the down
payment; prepaid taxes) and what the seller owes you (unpaid taxes;
prepaid rent).
3.
You will sign the mortgage. This gives the lender legal
rights to the property if you don't make your payments.
4.
You will sign the mortgage
note
(the promise to repay the loan in regular monthly payments).
5.
You will get title
from the seller in the form of a signed deed.
6.
The lender's agent will
collect the closing costs
from you and give you a settlement statement of all the items you have
paid for.
7.
The deed and mortgage will be recorded in the town or
county
Registry of Deeds. | 
