Money Moves with Michael

The Closing Disclosure - Understanding Your Final Numbers (And How to Avoid Wire Fraud)

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You're a few days away from closing. Everything's moving forward. Then you get an email from your lender with a document attached: Your closing disclosure. This is one of the most important documents you'll receive, and you need to review it carefully. Today, we're talking about the Top 4 Sections You Must Review in Your Closing Disclosure. What it is, what to check, and most importantly, how to avoid wire fraud when sending your money.

  1. Loan terms - Confirming your amount, rate, and payment
  2. Projected payments - Your full monthly payment including everything
  3. Closing costs - Every fee broken down line by line
  4. Cash to close - The exact amount you need to wire

    5. Up next: Episode 24 (last one of season two!)- Closing Day - What Happens at the Table

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    Money Moves with MichaelBy Michael Fornerette