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Clear to Close On Mortgage And Timeline From Application To CTC – 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.
The "Clear to Close" Letter | MoneyTips – 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.
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what does clear to close mean – howtobuyreo.com – "Clear to close" simply means that your file has passed all requirements from the underwriter and your docs can be ordered and forwarded to the closing agent. (That is a good thing!!!!). Generally, the timing for "clear to close" runs the gamut between lenders.
Clear to close means that the lender has completed all their work, are satisfied with everything and have OK’d the loan to proceed. Next thing they will prepare the "closing papers", send them to the closing attorney and you will sign a ton of papers.
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