Part 7 of 7: How TRID Makes Lending Safer for Homebuyers

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Here we are in part seven of my series about the changes that followed the mortgage meltdown in the middle of the last decade; they always say to save the best for last, don't they? Today I'll discuss what's been called the "Know Before You Owe" Law and how it helps to make it safer for consumers to get a home loan. One of the benefits of this law is that it requires the details of the loan to be included in a disclosure document, including what interest rates are, what your payment with impounds and escrows included would be, and where exactly your closing costs go. To learn more about what this law does to help you be safer as a consumer, watch my latest video.

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