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What Documents Should You Expect at Closing

At closing you will get:

A HUD-1 Settlement Statement, listing all the services and charges to you and the seller. You may review this form on the business day before closing.

A Truth-in-Lending (TIL) statement. You will receive this within three days of applying for the loan. It details the actual cost of the mortgage.

The mortgage note itself. This is your promise to repay the loan, as agreed.

The deed. Signed only by the seller at closing, it transfers ownership of the property. At first, you may only get a copy; when the actual deed is recorded with the county listing you as the new owner, it will be mailed to you.

Any other affidavits. For example, an affidavit may state that you will use the property as your principal residence.

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