Know your rights ·

Closing costs or loan terms changed

General information for New Jersey, New York and Washington, DC · Last updated

Quick answer

Compare the final disclosures with earlier estimates and ask for explanations before closing.

Do now

Review rate, term, payment, escrow, taxes, insurance, cash to close, and itemized costs. For mortgages covered by the Closing Disclosure rules, CFPB explains a general three-business-day preclosing receipt requirement. Ask whether a change requires a revised disclosure or additional waiting period.

Watch for

Not every loan product uses the same disclosure forms. Preapproval is not a final commitment, and unexplained differences should be resolved before signing.

Official sources

CFPB — What Is a Closing Disclosure?, CFPB — What Is a Loan Estimate?.

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