Mortgage Questions - Closing the Loan

What are the closing fees and how are they determined? 

The fees involved in a home loan from Capitol Federal Savings Bank include the following: 

Third-party fees - appraisal fee, credit report fee, survey fee, title insurance fees, flood certification fees and courier/mailing fees (vary depending on the arrangement each lender has with the third party.)

Taxes and other unavoidables - state/local taxes and recording fees (should not vary lender to lender). 

Lender fees - discount points, origination fees, non-escrow fees, rate lock, closing and underwriting fees (Retained by the lender, they vary lender to lender.)

What happens at the loan closing? 

The closing will take place a Capitol Federal office in your area. During the closing, you will review and sign several loan papers. The Closing Officer conducting the closing should be able to answer any questions you have.

To make sure there are no surprises at closing, a Capitol Federal employee will contact you a few days before closing to review your final fees, loan amount, first payment date, etc.
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Will I need to have an attorney represent me at closing? 

In some areas of the country it is customary, and sometimes required by law, to have an attorney represent you at the closing. In other areas, attorneys are not as common at a real estate closing. Please contact a Capitol Federal Closing Officer if you have questions about attorney representation. By all means, we recommend that you have an attorney at the closing if it would make you more comfortable. If your attorney has any questions about your new mortgage, please refer them to your Closing Officer. We'd be happy to provide any information necessary.
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Can I get advanced copies of the documents I will be signing at closing? 

The most important documents you will sign at closing are the note and mortgage or deed of trust. Unless there are special circumstances, these documents are usually prepared by one to two days before your closing. Others documents are prepared by our Closing Officer the day before or the day of your closing. If you would like copies of the completed documents to be sent to you after they are prepared, please contact your Closing Officer.
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I won't be able to attend the closing. What other options are there?

If you won't be able to attend the loan closing, contact your Closing Officer to discuss other options. We're able to mail you the documents in advance so that you can sign them and forward them to the Closing Officer. We're sure to have a solution that will work in your circumstances.
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If I apply online, where will the closing take place? 

We'll schedule your closing to take place in one of our offices that is located near your home for your convenience.
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