What to Expect During the Closing Process - Chapter 2
Here's what we'll cover in this video:
Breaking down the Closing Disclosure: We'll walk you through each section of this document, explaining the key terms and figures, including loan terms, closing costs, and credits.
Understanding your loan details: We'll clarify important aspects like your interest rate, monthly payments, and any applicable escrow items.
Demystifying closing costs: We'll break down common closing costs, such as lender fees, title insurance premiums, and prepaid items like property taxes.
Spotting potential red flags: We'll highlight areas where numbers might differ from your initial estimates and discuss how to address any discrepancies.
Asking the right questions: We'll empower you with the knowledge to ask your lender and closing agent any clarifying questions you may have.
By the end of this video, you'll be well-equipped to review your Closing Disclosure with confidence, ensuring a smooth and transparent closing experience. Stay tuned for Part 3, where we'll explore what to expect on the big day – your closing appointment!