Once the seller has accepted your offer and the closing date is set, you can breathe a little easier but remember the deal’s not done until everyone signs all the documents at the closing table. And, your lender can still change their mind. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that there are a few important facts you should be aware of. Its important not to mess with your income-to-debt ratio. Its one of the main factors the lender considers when qualifying you for a mortgage. While it’s tempting, don’t take out a big loan for the new deck you wanted or a new car. The bank looks at lease payments like any other debt payment. Switching jobs right before closing can make your lender anxious, and you want to give them every reason to feel confident. Most lenders prefer to have a two-year job history in hand, so making a big career move could slow things down, or squash the deal entirely. Check out below to see what sold in Bradford of Novi in August 2016:
22163 Worcester, Novi: 4 bedrooms, 2.1 bathrooms, 3,494 sq. feet, 2 car garage, Sold Price: $460,000
Bradford of Novi Home Sold
August 2016
Be sure to stay current with all bill payments. Late payments, too, can affect that all-important credit score. For more information on Bradford of Novi, or similar Northville or Novi neighborhoods such as Chase Farms, Timber Ridge and Cascades of Northville, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.