Closing Disclosure (CD) Explained: Mortgage Settlement Statement

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The Closing Disclosure (CD) Explained : Mortgage Settlement Statement.

You're about to close your loan so what is this CD they keep mentioning? Well this vido will help explain all that!

My name is Emmett Dempsey, and I am a Mortgage Broker and owner of Treasure Coast Mortgage, LLC in Port Saint Lucie, Florida. This channel is about financial education related to mortgage loans to help teach families how to buy a house in any housing market and build wealth with real estate.

I talk about mortgage rates and discuss general finance and real estate market news that moves interest rates that can affect you when buying a house. I help to show the home loan process so that any first time home buyer or experienced home buyer can learn more about purchase and refinance mortgages.

Whether you are moving to Florida or any other state, I love helping families with their home loan needs.

I would love to help you buy or refinance a home. Need a mortgage or want to talk more about your family's goals?

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Emmett Dempsey, Mortgage Broker/Owner NMLS 208522
Treasure Coast Mortgage, LLC NMLS 1958997
Company Address - 584 NW University Blvd, Suite 711 Port Saint Lucie, FL 34986
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Congrats on your closing! Now learn more about the Closing Disclosure (CD) 😀

emmettmortgage
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Does this show who all is on the mortage? We are trying to figure out who all is involved.

codyboyd
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Can you still switch lenders after signing this Closing Disclosure?

elyorish
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Can you explain why the amount is higher than the agreed loan amount on K and L

aaalex
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Who issues the CD? the bank? the title co?

davidporterrealestate
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Soo the CD matches the Initial approval of the lender prior to closing??

lamarwilson
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Hi
So when i get that paper that mean that everything its good
Wat a got approved?

joshsantana
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What the difference between the CD and Preliminary Closing Disclosure? My lender is requesting this from my attorney. I thought this is something they would provide for me to review. They want to make sure I’m getting enough money from the sale of my current home to buy the new home.

ericbarker
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Hi sir any opening in initial disclose and cd process or reissue i will worked under movement mortgage 4.5 year experience

Grn-volgas
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So on page #1, Estimated Total Monthly Payments, does that include Taxes etc that right below that section?

frankiec
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Would you be adding the “estimated taxes, insurance, and assessments” to the monthly payment? If I do that, our monthly is over $400 than we talked about with our LO. Am I reading this wrong?

PogueSquadron
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What if my closing disclosure doesn’t have prepaid property taxes on other costs Line G initial escrow payments? It’s just blank but on page 4, it says you will have an escrow account for now

neorabado
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too fast. You didn't explain the details of each section.

chloemorgan
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Can you please tell us what the box means where it says items unpaid by seller

joehughes
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My cash to close has an X to borrower with 4300. What does that mean?

JC-tmcj