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When a buyer is borrowing money to buy a home in New York, the final step usually involves the lender identifying the transaction as “clear to close,” or “CTC,” for short. It’s an important part of the process because, until the lender is ready to write that big check, the actual closing itself cannot occur. How do you get to the stage where your lender has issued the clear to close? The buyer/borrower must first satisfy all of the conditions and the lender is now ready to issue the funds needed to buy the home.

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