Closing disclosure (CD)
The final itemized disclosure of your loan terms, rate, monthly payment, and all closing costs. Federal law requires it to be delivered at least 3 business days before closing. Review it line by line against your Loan Estimate — any unexplained changes require clarification from your lender before you sign.
How does this affect your loan? Estimate self-employed qualifying income with the DTI calculator, or read the self-employed mortgage guide.
Related terms
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- Earnest money — A good-faith deposit made when your offer is accepted, demonstrating serious purchase intent. Typically 1–3% o…
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Educational definition only — not financial, legal, or tax advice. Programs and limits change; verify current terms with a licensed professional.