Whether you’ve been a homeowner for a few years or more than a decade, you may consider refinancing your home loan when mortgage rates dip. You might think refinancing would be a breeze but when you’re refinancing, you’re applying for a new loan. The DiMora Team are real estate exerts in the Northville and Novi neighborhoods and we know that whether you use the same lender or another lender, you’ll be subject to complete documentation and verification of your income, your assets, your debt-to-income ratio, your credit profile and your job history. Not only do you have to qualify for the loan, but your house must appraise for enough value to support the loan. Check out below to see what sold in Highland Lakes in July 2015:
42750 Lyric Court, Northville: 2 bedrooms, 1.1 bathrooms, 1,208 sq. feet, Sold Price: $121,000
Highland Lakes Home Sold
July 2015
19486 Inlet Court, Northville: 2 bedrooms, 1 bathroom, 884 sq. feet, Sold Price: $130,000
Highland Lakes Home Sold
July 2015
Always make sure to consult a lender to discuss refinancing in the context of your individual financial plan. For more information on Highland Lakes, or similar Northville or Novi neighborhoods such as Country Place, Crosswinds West and Lakewoode Parkhomes, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.