Closing Disclosure

Closing Disclosure is a document provided to the borrower before closing that outlines the final terms and costs of the mortgage loan.

The Closing Disclosure is a document provided to borrowers by their lender before the closing of a mortgage loan. It is designed to provide borrowers with a detailed breakdown of the final terms and costs associated with their loan. The Closing Disclosure is a result of the TILA-RESPA Integrated Disclosure (TRID) rule, which aims to simplify and streamline the loan disclosure process.

The Closing Disclosure includes important information such as the loan amount, interest rate, monthly payment amount, loan term, closing costs, and any prepayment penalties or other fees associated with the loan. It also includes details about the loan estimate provided earlier in the mortgage application process, allowing borrowers to compare the estimated costs to the final costs.

By receiving the Closing Disclosure at least three business days before the closing, borrowers have the opportunity to review the terms and costs of the loan and ensure that they align with their expectations. This waiting period gives borrowers time to ask questions, seek clarifications, and make informed decisions before proceeding with the closing.

It’s important for borrowers to carefully review the Closing Disclosure and compare it to the Loan Estimate to ensure accuracy and identify any discrepancies or unexpected changes. This document plays a crucial role in promoting transparency and protecting borrowers by providing them with clear and comprehensive information about their mortgage loan before finalizing the transaction.


As a mortgage broker, your clients rely on your expertise to find them the best deals. Our Quick Pricer tool can be an invaluable asset in your quest to secure the most advantageous mortgage rates. Be sure to explore our Programs section for additional resources tailored to your needs. If you have specific scenarios in mind, don’t hesitate to request them; we’re here to assist you. And if you’re interested in joining forces to provide even more value to your clients, consider becoming a partner with us. Together, we can empower individuals and families to achieve their dreams of homeownership.