Home Purchase Mortgage Calculators
Mortgage Program Calculators
According to federal law, a lender must provide a Closing Disclosure, also known as a CD, to the borrower that outlines the final, actual terms of the mortgage at least three business days prior to the close of the mortgage. So the three day waiting period is legally required and not a lender stall tactic. We provide a detailed explanation of the Closing Disclosure on FREEandCLEAR. You can request to have the waiting period waived but lenders will almost always deny this request due to legal concerns.