📘 Real Estate Closing Terms You Should Know

The home closing process can feel overwhelming — especially with all the industry jargon flying around. Whether you're a first-time buyer or a seasoned investor, understanding the key terms used at closing can make the entire process feel a lot more manageable.

🏡 Common Terms to Know

• Escrow – A neutral third party holds funds and documents until all conditions of the sale are met.

• Title – Legal ownership of a property, verified through a title search.

• Closing Disclosure (CD) – A detailed breakdown of your final loan terms, fees, and closing costs.

• Settlement Statement – A document that itemizes how all closing funds are distributed.

• Deed – The legal document that transfers property ownership from seller to buyer.

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These are just a few of the many terms that may come up — but understanding them can help you ask the right questions and feel confident every step of the way.

At MBS Title, we’re happy to walk you through every term and document so that nothing catches you off guard at the closing table.