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Closing Disclosure (CD)

Definition of term

A closing disclosure is a mortgage document that outlines all of the final terms and costs associated with your home loan. Your lender will present you with the closing disclosure at least three business days before your closing date, so you have time to review and understand all of the information. The Closing disclosure will include details such as the loan amount, interest rate, monthly payments, and any other charges due at closing. Review your Closing disclosure carefully and ask any questions before signing it.

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