For many people, finding and purchasing their dream house can feel like an endless scavenger hunt. Between making an offer and moving in, along the way you’ll have to complete mountains of paperwork, provide closing documentation, and read through all the required settlement statement closing disclosure.

However fed up you may be with reviewing and signing legal documents, there’s one in particular that deserves your undivided attention: the Closing Disclosure form.

What Is a Closing Disclosure?

A Closing Disclosure is a multi-page document that outlines the final terms and expenses of your mortgage. These include terms such as loan amount, monthly payment, interest rate and closing costs. Mortgage lenders are legally required to provide buyers with their Closing Disclosure three days before the loan closing date. That way you and your estate attorney have time to review the terms. Your property’s Closing Disclosure is one of the most important documents you will need to review during the mortgage process, so read it carefully.

A Closing Disclosure form includes items pertaining to your mortgage, including:

  • Closing costs
  • Loan terms
  • Loan costs
  • Monthly mortgage rate
  • Transaction summary table
  • Contact information
  • Loan disclosure

These terms will be properly labeled and outlined in the Closing Disclosure form, so you won’t be left to figure out what they mean on your own. 

How To Check Your Closing Disclosure

The most effective way to break down your Closing Disclosure is by utilizing the services of a professional. Your real estate agent should receive a copy of the Closing Disclosure form from the mortgage lender. They can help you check it for any inaccuracies. Take your time reviewing the document.

Here is a checklist of items to review:


  • Check to see if your name is spelled correctly
  • Loan term should typically be 15-30 years
  • Check to see if the loan amount is correct
  • Verify if closing costs were rolled into loan amount
  • Verify loan type

Legal Experts Here To Support You

The homebuying process can be stressful, and you’re going to need all the assistance you can get. At DaMore Law, our team of real estate law professionals are equipped with the knowledge and skills to help you avoid running into any issues with your Closing Disclosure. If you’re in need of any legal services, look no further than DaMore Law. Visit our website to learn more about how we can help you.