3 of 6
Consumer Financial
Protection Bureau
Learn more at consumernance.gov/buying-a-house.
Search for answers to these questions, and if you can’t nd the
answers, ask your loan ofcer:
Are the loan type, interest rate, monthly payment, and other key
terms the same as I expected?
Are there any fees that I don’t understand or that have changed
signicantly?
Do I have an escrow account? Do I understand how that works?
¨ I have my cashier’s check or wire transfer ready.
Set aside enough time to carefully review the documents for errors
and to make sure you have a clear understanding of the loan terms.
4. Protect yourself from
a mortgage closing
scam.
Closing funds are tempting
targets for scammers. Beware
of emails with last-minute
changes to your payment
or wire instructions. It may
be a scam.
5. Schedule time in
advance of your
closing to review
documents.
6. Compare your Closing
Disclosure to your most
recent Loan Estimate.
Look at the table on the
top of page three of your
Closing Disclosure. By law,
only certain costs can change.
7. Read the rest of your
closing documents.
Use our document summaries
to learn more about why
your closing documents are
important.
8. Arrange your payment
for the amount due at
closing.
Date: Time:
Is my personal information correct on all of the documents?
What happens if I don’t pay my loan?
Do the key numbers (loan amount, monthly payment, interest rate)
match exactly across all of my documents?
How can I exercise my Right to Cancel (renance only)?
If you’re unable to get the rest of your closing documents in
advance, take the list of questions above with you to closing.
If you receive an email with last-minute changes to the wire
instructions or to verify your personal information, it may
be a scam. Contact the trusted parties you identied on Step 4
to conrm the payment details, using only the primary phone
numbers that you saved.
Record the names and phone numbers for two trusted individuals
(i.e. real estate or settlement agents) who can securely conrm
payment instructions in case of a scam attempt.
¨ I have this person’s number saved.
¨ I have this person’s number saved.
Name:
Phone:
Name:
Phone: