5 Things to know about upcoming financing changes

  1. It goes into effect October 1st
  2. It’s the most significant change in lending in over 30 years.
  3. Closing dates can be effected by this and may need to change at the last minute.
  4. Buyers must receive their CD (Closing Disclosure) 3 days prior to closing. If not, the closing will be pushed out.
  5. Any applications to your lender received on or before September 30th 2015 will not be affected by this. *

* Application must include a fully executed Purchase and Sale agreement.