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Closing. Closing will involve the borrower, lender and escrow agent—and plenty of legal paperwork. Once the paperwork are reviewed and signed, the lender sends the money to your escrow agent, who then records the loan inside the county data. After that’s full, the borrower gets the money.
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Additionally, you’ll want to disclose the supply of your deposit, your approach for spending from the personal loan, particulars relating to your execution approach, your borrowing experience and your Make contact with facts.