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DO NOT EDIT THIS DOCUMENTSoftPro Closing Disclosure Form Release Notes Classic 15 HF3 June 3, 2015DO NOT EDIT THIS DOCUMENT4800 Falls of Reuse Road, Suite 400 Raleigh, NC 27609 p (800) 8480143 f (919)
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To fill out a Closing Disclosure, follow these steps: 1. Start by entering the transaction information, such as the address of the property, the transaction date, and the borrower's name. 2. Identify the loan terms, including the loan amount, interest rate, and loan type. 3. Provide details about the closing costs, such as origination charges, appraisal fees, and title insurance fees. 4. Include any prepaid expenses, such as homeowner's insurance and property taxes. 5. List the terms of the mortgage, such as the loan term, whether there is an adjustable rate feature, and any prepayment penalties. 6. Present the calculations for the cash to close, including the total amount due from the borrower. 7. Disclose the loan disclosures, such as the projected monthly payments, the total interest percentage, and the total amount financed. 8. Include other relevant information, like contact information for the lender and the settlement agent. 9. Review the completed Closing Disclosure for accuracy and ensure all necessary information is provided. 10. Sign and date the document to finalize the filling process.

Who needs whats a closing disclosure?

01
Anyone involved in a real estate transaction needs a Closing Disclosure. This includes homebuyers, sellers, lenders, and settlement agents. The Closing Disclosure is a mandatory document that must be provided to the borrower at least three business days before the closing of the loan. It serves as a summary of the final terms and costs of the mortgage loan, ensuring transparency and preventing surprises at the closing table. The Closing Disclosure helps borrowers understand the financial aspects of their loan and compare the terms and costs with the initial Loan Estimate they received earlier in the mortgage process.
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A closing disclosure is a form that provides the final details about the mortgage loan you have selected.
Lenders are required to provide the closing disclosure to the borrower at least three business days before the loan closes.
The closing disclosure should be filled out by the lender and reviewed by the borrower to ensure accuracy.
The purpose of the closing disclosure is to help borrowers understand all of the costs associated with their mortgage loan.
The closing disclosure must include information about the loan terms, closing costs, and any other fees associated with the loan.
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