Click on the button for
glossary of terms |
 |
 |
 |
| |
What is a settlement statement? |
|
 |
|
 |
This is a statement from the lender that must, by law include virtually all information related to your loan. It includes a summary of both borrower's and lender's transactions, plus the gross amount of the loan, a listing of all taxes due, deposits for payments of taxes, and all money due or to be exchanged by buyer and seller at the closing of the loan. |
