If you think you’re ready to buy your first home, that’s exciting. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we can help make sure you have everything covered before you set off on your hunt. Most rookie home buyers begin their house search online by browsing listings. This can be discouraging because you might fall in love with a home that you can’t afford. You need a seasoned professional to guide you through every step of the home-buying process. First, its important to get pre-approved for a home loan. To do that, you’ll need to provide the lender with a significant amount of paperwork, including bank statements, pay stubs, W-2 forms, 1099 forms, and tax returns. If the lender decides to offer you pre-approval, you’ll receive an estimate of what size loan you would qualify for and approximately what interest rate you’d get. When you meet with a mortgage lender, the lender will pull your credit score. Your credit score is calculated based on a number of factors, including your debt payment history, debt-to-credit utilization, and length of credit history. Check out below to see what sold in Island Lake Arbors in March 2017:
49961 Blackberry Trail, Novi: 3 bedrooms, 2.1 bathrooms, 2,057 sq. feet, 2 car garage, Sold Price: $315,000
Island Lake Arbors Home Sold
March 2017
26197 Fieldstone, Novi: 3 bedrooms, 3.1 bathrooms, 2,321 sq. feet, 2 car garage, Sold Price: $330,000
Island Lake Arbors Home Sold
March 2017
26357 Fieldstone, Novi: 3 bedrooms, 2.1 bathrooms, 2,332 sq. feet, 2 car garage, Sold Price: $336,000
Island Lake Arbors Home Sold
March 2017
When you’re in the process of buying a home, you need to be careful with your finances. Your loan doesn’t get fully approved until it goes through underwriting—which could take place just a few days before closing. To keep your credit score stable, you’ll want to avoid taking on new debt, such as; opening new credit cards, neglecting student loan payments or falling behind on credit card payments. For more information on Island Lake Arbors, or similar Northville or Novi neighborhoods such as Country Club Village, Blue Heron Pointe and Hickory Creek, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.