A real estate closing is the last step in the home buying and selling process. At Closing, the ownership of
the property is transferred from the seller to the buyer.
Refinancing a mortgage loans means that you are paying off an existing loan and replacing it with a new
loan. Many homeowners refinance their mortgage loans to obtain a lower interest rate, to shorten the
term of their of their loan, or to convert from an adjustable rate mortgage (“ARM”) to a fixed rate.
A title search is an examination of public records to determine legal ownership of a property. A title search will also reveal what claims or liens are on the property.