Just as homes come in different styles and price ranges, so do the ways you can finance them. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that its important that you research mortgages and find out what works best for you. First, you need to decide on a loan type and the type of interest rate you are comfortable with. A fixed rate mortgage is the more traditional mortgage that many get and a 30 year fixed is the most common. The market rates may rise and fall but your interest rate won’t budge. This fixed rate provides you security and you won’t have to work about a rising interested rate in the future. Check out below to see what sold in Island Lake Arbors in October 2019:
26248 Fieldstone Drive, Novi: 3 bedrooms, 3.1 bathrooms, 2,060 sq. feet, 2 car garage, Sold Price: $370,000
Island Lake Arbors Home Sold
The shorter the loan term, the lower the interest rate will be. For example, a 15-year fixed will have a lower interest rate than a 30-year fixed. For more information on Island Lake Arbors, or similar Northville or Novi neighborhoods such as Blue Heron Pointe, Country Club Village and The Villas of Northville Hills, contact The DiMora Team today at 248-505-7728 or email@example.com.