Before wrapping up your auto refinance loan, you’ll need to review some important documents and sign your Truth in Lending disclosure (TIL).

The TIL shows the total cost of the loan, including your annual percentage rate (APR), fees, and the total amount financed.

Any accrued interest on your existing loan since your last payment will be included in the amount financed.

If you’re approved after your application is reviewed, you’ll sign your TIL to accept your loan terms. We can’t finalize your loan or pay off your current lender until the TIL is signed, so it’s important you do this as soon as possible.