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Print Settlement Statement

Aug 6th, 2022

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How to Print Settlement Statement

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In this video tutorial, Tiffany Weber, a real estate lawyer in North Carolina, explains how to read a settlement statement, formally known as a closing disclosure. This five-page document, provided by lenders to borrowers, outlines essential information about the loan. The first page identifies the parties involved, including the seller and buyer, and the property details. Weber emphasizes the importance of understanding this document for a successful real estate closing and encourages viewers to subscribe for more insights into the closing process.

Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What is a full settlement statement?

What is a settlement statement? A settlement statement is a document summarizing all costs owed by or credits due to the homebuyer and seller (or borrower if refinancing). The document also includes the purchase price of the property, loan amount and other details.

Is a settlement statement the same as a HUD-1?

A HUD-1 form, also called a HUD-1 Settlement Statement, is a standardized mortgage lending document. Creditors or their closing agents use this form to create an itemized list of all charges and credits to the buyer and to the seller in a consumer credit mortgage transaction.

Is a settlement statement the same as a mortgage statement?

A settlement statement is a document listing the terms and conditions of a settlement agreement and details all related costs or credits due to each party. A mortgage loan settlement statement is commonly known as a closing statement.

Who provides the HUD settlement statement?

A HUD-1 or HUD-1A Settlement Statement is prepared by a creditor or, more typically, by the settlement agent who conducts the closing on the creditors behalf.

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