Re Closing Document Audit and Correction Form

Instructions and help about Re Closing Document Audit And Correction

so we reviewed the closing disclosure the promissory note and the mortgage but what about all those other documents hi i'm mark styles of styles law down here at studio b so you're getting ready for your refinance closing or your purchase closing well we went over the video on the closing disclosure the one on the promissory note and the one on the mortgage those are very important documents but what else are you going to sign at the closing well the next most important document is your first payment letter this is the document that breaks down your mortgage payment are you escrowing your principal and interest plus your taxes plus your insurance flood insurance maybe mortgage insurance maybe total payment and it shows where you need to send that so when your first payment comes due if you haven't received anything you'll use that document to make that payment but what about those escrows how are they accounted for next document is the escrow disclosure statement it shows exactly how m