While getting your financial house in order before you try to purchase a home is an excellent plan, paying off all your credit card debt may not be the best move. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that some of the steps you take that are great financially (such as reducing debt and canceling your credit cards) are not always helpful when you are applying for a home loan. Reducing your debt will impact your credit score, your debt-to-income ratio and the cash you have in the bank, so consider all three aspects carefully before you make a final decision about your credit card balance. Check out below for what sold in Walden Woods in March 2015:
25618 Gina Court, Novi: 5 bedrooms, 5.1 bathrooms, 5,707 total sq. feet, 3 car garage, Sold Price: $635,000
Walden Woods Home Sold
March 2015
One of the best ways to make the decision about your individual financial situation is to consult with a mortgage lender who can advise you about the best way to qualify for a loan that’s affordable and fits your money management plans. For more information on Walden Woods, or similar Northville or Novi neighborhoods such as Windridge Place, Arcadia Ridge and Brookstone Village, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.