Closing Disclosure (CD)
The Closing Disclosure is a standardized five-page document that provides the final, confirmed terms of your mortgage — including the interest rate, monthly payment, closing costs, and cash to close.
Federal law requires that borrowers receive the Closing Disclosure at least three business days before signing closing documents. This mandatory waiting period gives you time to review the numbers, compare them to your original Loan Estimate, and ask questions before committing.
The Closing Disclosure is not just a formality. It is the final version of your loan terms, and changes between the Loan Estimate and the CD are common. Reviewing both side by side ensures nothing has shifted beyond acceptable tolerances.
Why This Matters: This is your last opportunity to catch errors, question unexpected charges, or request clarification before you sign. Take the three-day review period seriously — it exists to protect you.
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Understanding a term is one thing. Knowing how it affects your loan, your rate, or your closing costs is another. Kara can walk you through exactly how this applies to your file — in plain language, in 30 minutes.
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