A New Mortgage Document Home Buyers Must Check

What is a closing disclosure form? Put simply, it’s a form outlining the terms and costs of your mortgage – and one of the most important pieces of paperwork to check before you close on a home.


Lenders must provide borrowers with a closing disclosure (also called a CD) at least three business days before closing – that day when all the remaining paperwork is signed and you get the keys to your new home. You can also see the CD as the official follow-up to a more preliminary document you received when you first applied for your loan, called the loan estimate, or LE (also known as a good-faith estimate).

Things to check on your CD and compare with your LE:

  • Spelling of your name.
  • Loan term.
  • Loan type.
  • Interest rate.
  • Cash to close amount.
  • Closing costs.
  • Loan amount and Estimated Total Monthly Payment.

If you have questions, or need a recommendation for a loan officer I am here to help!