10/30/2026
Closing paperwork comes with vocabulary worth slowing down for.
The Closing Disclosure summarizes your final loan terms and costs. Escrow refers to funds held by a neutral party until conditions are met. Title insurance protects against certain ownership claims, while prepaids are upfront items such as insurance and interest. Ask the professionals handling your transaction to explain anything that is unclear before you sign.
One practical reminder deserves extra attention: always confirm wiring instructions by phone, using a trusted number you have independently verified. Do not rely on a number in an unexpected message. Save these terms for your next conversation with your licensed loan officer.
Terms vary. Not all borrowers qualify.
Sunvest Mortgage Group | NMLS 219811 | Equal Housing Opportunity