It is a standard form, required by federal rules, that shows the final loan amount, payment, interest rate, closing costs and the cash you need to bring. The lender must give it to you before closing so you have time to read it.
Why it matters
It is your chance to catch mistakes and changes before you are committed. Put it next to your Loan Estimate and ask about anything that moved.
Where you meet it
After the loan is clear to close, shortly before the closing appointment.
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