Found 1 blog entry tagged as closing disclosure.

Real Estate Word of the Day: Disclosure

A closing disclosure (CD) is a comprehensive document provided to both the buyer and the seller shortly before the closing date of a real estate transaction. This document outlines the final details of the financial aspects of the deal, including the terms of the mortgage loan and any other costs associated with the transaction. Essentially, it's a summary of the final financial agreement between the parties involved in the sale or purchase of a property.


Key Components of a Closing Disclosure
  • Loan Terms: The CD will include detailed information about the loan, including the loan amount, interest rate, loan type, and loan term. This section ensures that both parties are on the same page regarding the…

352 Views, 0 Comments

Read Full Post