What to Keep After Your Closing

  • HUD-1 statement, which itemizes all the costs associated with closing – you will need this statement for income tax purposes
  • The Truth in Lending Statement, summarizes the legal terms of your mortgage obligation and the agreed-on repayment terms
  • Deed that transfers ownership of the property to you, along with affidavits swearing to various statements by either party
  • Insurance policies and proof of coverage