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What does settlement charges mean?

About to close in a few days and my lender sent me disclosures and GFE documents.  Does the 'Total Estimated Settlement Charges' amount is what I have to bring to closing?
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December 16 2011 - Port Saint Lucie
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Answers (6)

Hamp: In my opinion, that is the best avatar you have posted on Zillow. Looks great.

Happy Holidays, Rudi
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December 17 2011
Why would it not include down payment or earnest money if it's called settlement charges?  It's called Final Disclosure.

Because the Federal Government redesigned the forms, and left all of that out, in an effort to make the documents more clear, hence easier to understand. Aren't they genuinely worthless? You should call your Representatives and Spank them.

They also practically destroyed your best potential source for Mortgage loans in the same process; Mortgage Brokers.

Hope and Change, among other things! God Bless America!
Happy Holidays!
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December 16 2011
K,

You are not going to receive any better responses to your question that you have already received. The person that is best to respond to your questions is your Escrow Officer and/or Mortgage Professional. Have you spoken to either one about your concerns?

Happy Holidays, Rudi
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December 16 2011
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Why would it not include down payment or earnest money if it's called settlement charges?  It's called Final Disclosure.

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December 16 2011
The GFE includes Settlement Fees/Closing cost and pre paids but does not include down payment or earnest money credit if purchase. The lender likley provided an Initial Fee Sheet/Loan Summary when they disclosed initially, and that would be a better document to see " what I have to bring to closing".  The HUD 1/Settlement Statement from title co is the final # to rely on.
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December 16 2011
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Yes, but that grand total includes closing costs, escrows, and any tax and utilities  adjustments.  If you are about to close you should be looking for a HUD-1 statement.

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December 16 2011
 
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