Sample Closing Documents
At the transaction closing, consumers are presented with a significant number of closing documents which can be overwhelming. Entitle Direct has provided sample closing documents to help you get ahead, from the previously required HUD-1 and Good Faith Estimate forms to the newer replacements of these documents, the Loan Estimate and Closing Disclosure forms. These new forms were created by the Consumer Financial Protection Bureau (CFPB) and apply to all transactions on or after October 3, 2015. These forms are designed to help you better understand your mortgage/loan options, let you know what closing costs you can shop around for such as title insurance, avoid costly surprises at the closing, and ultimately save you money.
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Here are the most common and standardized documents that you may encounter when you close: