It’s the “Know Before You Own” rule, and it’s changing the mortgage process. We asked Mike Bitrick, Vice President at First Heritage Mortgage to better explain the changes. TRID, or TILA-RESPA Integrated Disclosure, which is also known as the “Know Before You Owe” rule will change the mortgage process by altering some standard loan forms and practices.…
What is TRID?
![](https://www.nestrealty.com/blog/wp-content/uploads/2015/10/TRID.jpg)