Read up on the actual TRID and CFPB changes for Real Estate closings in Nashville covered HERE in part 1. Here are my takeaways from these changes: 1. Borrowers will have increased opportunity to know exactly how much they’re spending, borrowing and paying back. This is good! 2. The 30-day standard or general closing period[…]
I’m sure if you’ve been planning a home purchase you’ve heard the acronym TRID and the abbreviation CFPB. Have you spent time researching what all those letters actually mean or how this alphabet soup could affect your purchase and sanity? Let’s start here: 1. TRID is the blending of the RESPA disclosure procedure with the[…]
Did you know that many homeowners sell, move and buy again within 7 years of their purchase? But let’s say you have no plans to pack up and start again, if you’re a long-hauler, you could save 7 years worth of interest on a 30 year mortgage effectively paying off your mortgage in 23 years!!![…]