"Know Before You Owe" Mortgage Initiative

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New rules have taken effect that will change your home buying experience!

The Know Before You Owe mortgage initiative is designed to empower consumers with the information they need to make informed mortgage choices. It includes the implementation of the TILA-RESPA Integrated Disclosure rule, which is often referred to as “TRID.” 

Mortgages are complex and confusing. This new rule primarily does two things:
  1. It simplifies and consolidates some of the required loan disclosures, and
  2. It changes the timing of some activities in the mortgage process.
If you are a buyer and would like to better understand the complicated process of applying for a mortgage, click here for a helpful step-by-step guide that includes information on the mortgage process and the new regulatory changes.  This booklet is a toolkit that can help you make better choices along your path to owning a home.

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