Example Mortgage Documents
The mortgage process involves a sea of paperwork that can be highly overwhelming. In many cases you are asked to review and sign documents without really understanding their content. It would take hours to properly read all of the legal and loan documents you are provided over the course of the mortgage process and you may be short on time as you seek to close your loan. Not fully reviewing these documents increases the chances you miss a mistake on your mortgage or end of with a different loan than you expected.
Example Mortgage ApplicationReview an example Mortgage Application, also referred to as a Universal Residential Loan Application (URLA). The application focuses on your financial profile and employment history
Example Loan EstimateReview an example Loan Estimate that outlines the estimated key terms of a mortgage including interest rate and closing costs. The lender must provide a Loan Estimate to you within three days of you submitting your loan application
Example Lender Fees WorksheetReview an example Lender Fees Worksheet which provides a detailed breakdown of mortgage costs and expenses. Although the lender is not legally required to provide you with the fees worksheet, it should provide it to you if requested
Example Closing DisclosureReview an example Closing Disclosure that outlines the final, actual terms of the mortgage including interest rate, closing costs and mortgage features. The lender must provide the Closing Disclosure at least three business days prior to your mortgage closing
Example Offer to PurchaseReview an example Offer to Purchase, the document that outlines the key terms of your proposal to purchase a property
Example Appraisal ReportReview an example appraisal report which provides a comprehensive analysis of the value of the home you are seeking to purchase or refinance
Example Title ReportReview an example Title Report, which is the document issued by a title company or attorney that verifies the legal ownership of a property and identifies any recorded property liens or easements.
Example Mortgage NoteReview an example Mortgage Note which is the document that outlines the key terms of the mortgage and indicates the borrower's promise to repay the debt. You should always carefully review your Mortgage Note so you understand your loan terms
Example Deed of TrustReview an Example Deed of Trust which is the document used in many Southern states in place of a mortgage to indicate that there is a promissory note (debt) on a property
Example Grant DeedReview an example Grant Deed which is the legal document recorded by the county government that conveys property ownership
Example Deed of ReconveyanceReview an example Deed of Reconveyance which is the document provided by a lender that indicates that the borrower is released from his or her mortgage debt and that lender no longer holds a lien against the property
Example First Payment LetterReview an example First Payment Letter, which is the document provided by your lender when you close your mortgage that notes your monthly mortgage payment, when the payment is due and where to send the payment
Example Qualified Mortgage ScorecardReview an example Qualified Mortgage Scorecard, which is the form that determines the borrower’s ability to repay the mortgage based on certain government guidelines
Example VA Loan Analysis FormReview an example VA Loan Analysis form which is the document that determines applicants ability to qualify for a VA mortgage based on their residual income
Example Good Faith EstimateReview an example Good Faith Estimate, which was the document lenders were required to provide to you when you submitted your loan application that outlined of the key mortgage terms. The Good Faith Estimate is no longer used in the mortgage process and was replaced by the Loan Estimate.
Example Truth-in-Lending StatementReview an example Truth-in-Lending Statement which was a standardized form provided by the lender that presents detailed information about mortgage costs and features, including the APR and finance charge. The Truth-in-Lending Statement is no longer used in mortgage lending
Example HUD-1Review an example HUD-1, which was a standardized form provided by the closing agent at least one day prior to the closing of the mortgage that lists the final, actual terms and costs of a mortgage. The HUD-1 is no longer used in the mortgage process and was replaced by the Closing Disclosure