If you are interested in buying a home, but you are retired and on Social Security, it is still possible to finance a loan. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that mortgage companies base the mortgage loan approval on your income coming in regardless of it being retirement or if you are working. There is a percentage that your gross income cannot exceed in relation to your mortgage payment and all other secured and secured debts you have. As long as your ratio falls in line with that and you can verify your retirement income you will be fine. Check out below to see what sold in Autumn Park in August 2015:
23181 Argyle Street, Novi: 4 bedrooms, 3.1 bathrooms, 3,200 sq. feet, 3 car garage, Sold Price: $515,000
Autumn Park Home Sold
August 2015
Importantly, you want to make sure you that what plan to spend each month can work within your existing budget. For more information on Autumn Park, or similar Northville or Novi neighborhoods such as Bella Terra, Kirkland and Woodlands of Northville, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.