When preparing for a closing on your refinance or home purchase, one of the documents you will be provided with a few days before closing is a HUD-1 Form. This form provides you with valuable information about your loan.
While at first, this three page document may seem intimidating, if you understand what you see in each section, it is not as confusing as you might think. Let's break down the various parts of the HUD-1 and talk about what they mean.
On the first page of your HUD1, you will see your loan information at the top. This includes the type of mortgage (such as FHA or VA), property location, loan amount and the date of closing. This information is very basic but also is very important to review for accuracy.