The CFPB has provided an explainer for the CD.

The "explainer" is completely interactive and goes through each page of the CD and asks a series of questions. It also gives basic definitions of key terms used in the Closing Disclosure.

Please follow the link to the CFPB's Closing Disclosure Explainer:

https://www.consumerfinance.gov/owning-a-home/closing-disclosure/

Take a few minutes to explore this explainer and then submit answer to the following question:

1. Why do you think consistency is so important between the Loan Estimate and the Closing Disclosure?

Answer rating: 100% (QA)

Consistency between the loan estimate and closing disclosure is important b... View the full answer