Before Signing Day
Before You Leave The Signing
Before you leave the signing, be sure you receive copies of:
- Your Promissory Note
- Deed of Trust
- Estimated HUD-1 Settlement Statement
- Truth in Lending Disclosure Statement
- Servicing Disclosure
- Any insurance disclosures.
If you're refinancing or getting an equity line of credit, you have three days to change your mind after you sign the loan documents. If you decide you don't want the loan within this 3-day "rescission" period, you can simply walk away with a written notification. Provide a signed copy of the "Notice to Cancel" to your lender. You can find this document among your closing papers. If you do rescind the loan the lender must give you back any money you paid out in the transaction, even money you paid to other parties.
Within one-week of signing your loan documents, you should receive a final HUD-1 settlement statement in the mail. If you don't receive this information, contact your escrow agent immediately. This document is your official accounting of all money paid. Look this final statement over closely and make sure nothing has changed.
