In the name of consumer protection, the CFPB has issued a rule stating that lenders can’t require income documentation before handing out pre-approvals.
…What?
http://fast.wistia.net/embed/iframe/2539hb80fp%20
The video does go on to explain that the net effect is probably not going to change much because of buyer behaviors, but the rule itself is misguided and not grounded in any financial reality. It is a very funny but informative read.
Because remember, the government ALWAYS knows best when it comes to YOUR money.
David R. Madaffari, Realtor
Keller Williams Realty – First Choice
Office: 225.744.0044
Cell: 225.772.3283 (DAVE)
37325 Market Place Dr. Ste D
Prairieville, LA 70769
www.DavidMadaffari.com
Each office independently owned and operated
I saw Tiny House Hunters on HGTV for the first time a few days ago and I was floored. The only conclusion I could come to was that truly…there is a buyer for every home! But also it was fascinating to see these homes and how they maximized the tiny spaces they were working with, so my curiosity compelled me to find some of these here in Louisiana. Here is a link to some current tiny homes listed for sale across our states – and several are right here in Gonzales!
David Madaffari 