CTC - Clear To Close
The definition of mortgage term: Clear To Close
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. Now it is time to schedule your closing, which can generally be as soon as three business days after you receive the CTC. During this time updates will be made with your insurance company and the final HUD-1 will be drafted. You will also be informed of the final amount of the closing costs.
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