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One of the important documents in an MA transaction is the closing statement, which details the purchase price of the acquisition, how the proceeds are distributed, identifies debt and debt-like items, and presents how working capital will impact the transaction.
What information is included on a closing disclosure?
Each section of the closing disclosure breaks down the terms and characteristics of your loan and the costs and fees involved. Check your loan amount, monthly payment, interest rate, prepayment penalty and balloon payment, if applicable, and if the amounts can increase after closing.
What information is included in the closing statement?
The closing statement should include basic information about the property, such as the address, when it was built, and the type of structure (i.e., single-family home, multifamily home, manufactured home, etc.). Financial information. Shows the homes purchase price, deposits paid by the buyer, and seller credits.
Where can I get a copy of a closing disclosure?
By law, you must receive a copy of your Closing Disclosure three business days prior to closing. Contact your lender or closing agent (title company, escrow officer, or attorney) at least a week before closing to find out how you will receive your Closing Disclosure.
buyer information sheet
Closing information sheet pdfClosing information sheet exampleFree closing information sheetClosing Disclosure form PDFClosing Disclosure templateFree fillable closing Disclosure formClosing documents for buyerSample HELOC closing documents PDF
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