You really want to be a homeowner, but it’s too early in your career to afford a conventional mortgage. Yet you’re certain your income has nowhere to go but up. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that a graduated payment mortgage might be your best bet. These loans are designed for people who cannot afford to make large monthly payments right away—but will be able to do so in the future. These loans start with low initial payments that gradually increase by a percentage each year until it levels out to a final, fixed percentage and are available in 15- and 30-year loans. Check out below for what sold in Simmons Orchard in May 2015:
24331 Fairway Hills Drive, Novi: 3 bedrooms, 2 bathrooms, 1,325 sq. feet, 2 car garage, Sold Price: $195,000
24365 Simmons Drive, Novi: 3 bedrooms, 2.1 bathrooms, 2,292 total sq. feet, 2 car garage, Sold Price: $265,000
If you don’t feel ready to be a homeowner, there’s no need to rush into it. Just keep saving up until you feel the time is right. For more information on Simmons Orchard, or similar Northville or Novi neighborhoods such as Northville Estates, Village Oaks and Whispering Meadows, contact The DiMora Team today at 248-505-7728 or firstname.lastname@example.org.