The Closing Disclosure is a document that outlines the final details of a mortgage loan. It includes important information such as the loan terms, monthly payments, and closing costs. This document is provided to borrowers at least three days before the closing meeting, allowing them to review and understand their financial obligations. The Closing Disclosure is designed to help borrowers compare the loan they are getting with the loan they were initially offered. It ensures transparency in the mortgage process and helps prevent any surprises at closing, making it an essential part of the home-buying experience.