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Clear to close is one of the final stages before your loan is funded. CTC means that the underwriter has reviewed and approved all necessary documents and you’ve passed with flying colors. In other words.the lender is ready to show you the money! Example: a NewCastle customer who applied 11/9 received a clear to close on 12/8 – just one month later.
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Close to definition is – almost or nearly. How to use close to in a sentence. almost or nearly; from a short distance : close up. See the full definition. Dictionary Entries near close to. close the gap. close/tight finish. close time. close to. close-tongued.
We are waiting for the lender to "Clear to close" What does that mean? I keep calling the lawyer and my realtor. waiting for 1 thing to clear to close Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
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"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.