1. Approval received: When the bank says “yes” to giving you the money for your home, you move to the closing stage.
2. Paperwork and payments: At closing, you sign important papers like a contract that says you’ll pay back the money and other documents that show you own the home. You also pay the costs for things like taxes and insurance.
3. Finalizing the purchase: Once you finish signing the papers and paying the fees, the house officially becomes yours! You’re now the owner.

In simple terms, closing is when you sign papers and pay money to make the house legally yours. It’s the final step in buying a home, and after closing, you can move in and enjoy your new place!