Closing day IQ

Eight questions about the last week before you get the keys. Know what to bring, what to check and what can go wrong.

8 questions · about 2 minutes · no signup needed

Question 1 of 8When should you do the final walkthrough?

A month before closingUsually within a day or two before closingAfter you move inIt’s optional and rarely done

Question 2 of 8How do most buyers pay their cash to close?

Personal checkWire transfer or cashier’s checkCredit cardCash in an envelope

Question 3 of 8What must you bring to sign?

Your pay stubsA government photo IDYour leaseYour tax return

Question 4 of 8Can you cancel a home purchase loan for three days after signing, like some refinances?

TrueFalse

Question 5 of 8Who runs the closing?

Always your real estate agentA title or escrow company, or an attorney, depending on the stateThe sellerThe appraiser

Question 6 of 8Why might you owe the seller money for property taxes at closing?

You never doTaxes are split (prorated) for the part of the year each of you owns the homeAs a tipTo cover their moving costs

Question 7 of 8What should you compare your Closing Disclosure against?

Your Loan EstimateYour leaseThe listingNothing

Question 8 of 8When do you usually get the keys?

At the inspectionWhen the deal has closed and funded, per your contractWhen the offer is acceptedA month after closing

Your answers aren’t saved or sent anywhere except to calculate your score. For education only; it isn’t a credit check or a loan approval.

How it works

Pick an answer and you’ll see right away whether you got it, with a short explanation and a link to learn more. At the end you’ll get your score and can share it.