What is a TRID? Understanding your closing paperwork
If you are currently in the middle of buying a home, you've probably heard your lender or real estate agent mention the TILA-RESPA Integrated Disclosure, but you're likely still wondering what is a trid and why it seems to dictate every single deadline in your closing process. In the world of real estate, we love our acronyms, but this one is actually pretty important for your wallet. Basically, TRID is a set of rules that ensures you aren't blindsided by hidden fees or unexpected costs when you finally get to the closing table. ...