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Mortgage glossary
Closing Disclosure (CD)
A five-page form used for most closed-end consumer mortgages. It shows final loan terms, projected payments, and closing costs. The borrower generally must receive it at least three business days before the scheduled closing.
In plain language
This term may appear in conversations, forms, or documents during the mortgage process. If something important changes in your situation, ask how it may affect your case before making a decision.
This explanation is general and educational. It is not personalized advice, a loan offer, or a promise of approval.