Understanding Your Loan: Closing Disclosure Page 1
The first page of your Closing Disclosure documents:
The Loan Amount - the total you will actually borrow
The Interest Rate - which does NOT include the fees factored into the APR on Page 5
If this loan has a penalty for pre-pay... read more
Understanding Your Loan: Additional Information Can Be Important
Page 4 of your Closing Disclosure is important. It is NOT just standardized form information that is identical for every loan.
Review these terms:
Assumption: can this loan be transferred to another person if you sell or transfer the property?
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Which Square Footage Figure Should I Use?
Home size is one of the key figures used in comparisons.
But you may have different measurements to choose from, as you'll learn in this video, including builder, appraiser, tax records and possibly owner records.
Which one is right, and which one is best?
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