After all conditions are cleared and the lender issues a full loan approval. Next step is to schedule the closing which can take place anywhere you like. Most refinances are closed at the comfort of your home. A purchase closing usually takes place at the title company's office. At the closing, the lender "funds" the loan with a cashier's check, draft, or a wire to the closing agent, who disburses funds to the appropriate parties. At Sonic Loans Inc. point you officially closed your loan, congratulations!