If you are a lender and you make closed-end, multiple advance loans to construct a consumer’s home, you need to be aware of the TRID requirements and how they can impact the transaction.
Unfortunately, it’s not quite as straightforward as other types of closed-end consumer home loans. And, on top of that, while Appendix D of Truth in Lending isn’t exactly new, it is a huge player in the construction loan game as well.
Listen to the video as Jerod explains.
If you’re looking for the latest, greatest information regarding construction loans, you’re in luck! We’ve put together a two-hour webinar called, “TRID All About Construction Loans” where we are going to get into the nitty gritty details in plain English.
We will also provide some sample disclosures including a NEW Construction-Permanent (one closing) ARM disclosure. We hope you join us on July 16th, you don’t want to miss this!
Want more TRID training? Go HERE!