The Closing Disclosure is the final version of the Loan Estimate, showing your exact loan terms, monthly payment, and all closing costs. By law you must receive it at least 3 business days before you close, giving you time to review.

Compare your CD line by line against your most recent Loan Estimate. Lender fees can't go up at all between LE and CD. Most third-party fees you shopped for can go up to 10%. Prepaids and government recording fees can change without limit.

If anything looks wrong — wrong loan amount, wrong rate, missing seller credit — speak up before closing. The 3-day rule exists specifically to give you time to fix problems before you sign.

Related terms

Process

Loan Estimate

The standardized 3-page disclosure every lender must give you within 3 business days of applying.

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Costs & Pricing

Closing Costs

The fees and charges paid at closing on top of the down payment, typically 2–5% of the purchase price.

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Costs & Pricing

APR

The all-in annual cost of a mortgage, including interest plus most upfront fees.

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Process

Rate Lock

A guarantee from the lender that your interest rate and points won't change for a set period.

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Have more mortgage questions?

Talk to a 4Homes mortgage expert who can walk you through your situation and find the best loan for you.