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Lakes of Northville Real Estate Sales Report in May 2015

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 Northville and Novi 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 Lakes of Northville in May 2015:

42047 Waterwheel Road, Northville:  3 bedrooms, 2.1 bathrooms, 3,071 sq. feet, 2 car garage, Sold Price:  $350,000

Lakes of Northville Home Sold
May 2015

If you are thinking of buying a home, you have likely implemented a robust savings plan to build a fund for your down payment and closing costs.  Think hard before you dip into that fund to pay off your debt.  For more information on Lakes of Northville, or similar Northville or Novi neighborhoods such as Northville Colony Estates, Orchard Ridge Estates and Roma Ridge, contact The DiMora Team today at 248-505-7728 or

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