What is Closing Disclosure?
The Closing Disclosure is a five-page form a lender must provide at least three business days before closing, itemizing final loan terms and closing costs.
The Closing Disclosure is a federally required form that details the final terms of your mortgage loan, including the loan amount, interest rate, monthly payment, and all closing costs. Borrowers receive it at least three business days before settlement, allowing time to compare it with the earlier Loan Estimate. Watch for discrepancies between the two documents, such as changes in fees, rate, or points. If significant changes occur, the three-day waiting period may restart. Review every line, ask questions about unfamiliar charges, and confirm that the terms match what you were promised before signing.
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