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What is a clear to close?
#1
A clear to close is when mortgage lender is ready to fund the loan and close on the mortgage loan. A clear to close is issued after the mortgage loan applicant submits all of the conditions from the conditional approval as well as all other aspects of the mortgage loan approval process such as the appraisal, title, verification of down payment and closing costs. Here is a detailed article on what is a clear to close that I have recently written and posted at http://www.gustancho.com.

http://gustancho.com/clear-to-close/

 
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