What Does Loan Term Mean I am getting a mortgage loan and I have heard the term "TRID. – Students & Student Loan Borrowers. I am getting a mortgage loan and I have heard the term "TRID." What does "TRID" mean? Answer: "TRID" is an acronym that some people use to refer to the TILA.This Balloon Loan Calculator will not only calculate the final balloon payment, but it will also help you structure a loan to meet your exact needs. Check out these.The Ultimate Financial Calculator will easily calculate a loan’s balloon payment if one is required. The balloon can be calculated regardless of how complex the periodic cash flow. Be careful if comparing with other financial calculators which may mistakenly use the remaining balance as the balloon payment.