Closing Disclosure Document

The Closing Disclosure is a critical document in real estate transactions, provided to homebuyers at least three days before closing on a mortgage. It outlines the final details of the loan, including the loan terms, monthly payments, and all closing costs involved in the transaction. This document ensures transparency and allows buyers to review and compare costs before finalizing their purchase. It includes important figures like the total amount financed and any fees or charges, helping buyers understand their financial obligations fully. The Closing Disclosure aims to protect consumers by providing clear information about their mortgage terms.