CD?

CLOSING DISCLOSURE? 💽⁣⁣⁣⁣⁣⁣⁣

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A CD is the final paperwork you receive in the mortgage process just before signing the official loan docs. ⁣⁣⁣⁣⁣⁣⁣
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The CD is issued at least 3 days before you sign and it is a final accounting of your loan’s; ⁣⁣⁣⁣⁣⁣⁣
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👉🏽 interest rate, ⁣⁣⁣⁣⁣⁣⁣
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👉🏽fees,⁣⁣⁣⁣⁣⁣⁣
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👉🏽closing costs, ⁣⁣⁣⁣⁣⁣⁣
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👉🏽monthly mortgage payment ⁣⁣⁣⁣⁣⁣⁣
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👉🏽and total of all payments and finance charges.⁣⁣⁣⁣⁣⁣⁣
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You will want to compare the Closing Disclosure with the most recent loan estimate to see if anything substantial has changed.
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You can look at an example over at the Consumer Financial Protection Bureau ⁣⁣
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https://www.consumerfinance.gov/owning-a-home/closing-disclosure/⁣⁣
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Questions about loan process or anything real estate? Shoot me a DM or drop me a comment below!
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⁣⁣⁣⁣⁣⁣⁣#mortgageinfo #realtormeme #realtorhumor  #krysbenyamein #estateofgrace #howto #financenews  #cfpb