Real Estate Terms Glossary
What is a Closing Statement?
A closing statement refers to a document that includes the specific details of one or more financial transactions. No matter what loan you get, it will come with a closing statement. However, the complexity of the closing statement can vary from one financial transaction to another.
For instance, the bank sends the closing statement to the buyer who decides to finance a new house. On the other hand, the seller will get the closing statement from his real estate agent.
Closing Statement Examples
Examples of the closing statement include:
- Example 1: The mortgage-based closing statement
- Example 2: The seller-specific closing statement
- Example 3: The loan-specific closing statement
Here is a full article about the closing statement.
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