Pre-Approval and Pre-Qualification Letters are required before you can buy a house. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that once you have spoken to a couple of lenders that you are comfortable with what they have told you regarding your financing situation, you need to get them to write you a letter saying that you can secure financing and buy a house. This letter will accompany any offer you submit and will give the listing agent an idea of just how strong your financial situation is. The stronger the letter the better the chance of getting the deal. The stronger the lender you are using, the better the chance of getting the deal. Check out below to see what sold in Stonewater in October 2017:
48231 Binghampton Court, Northville: 4 bedrooms, 3.1 bathrooms, 3,523 sq. feet, 3 car garage, Sold Price: $635,000
Stonewater Home Sold
October 2017
18062 Ridgeview Drive, Northville: 4 bedrooms, 3.1 bathrooms, 3,759 sq. feet, 3 car garage, Sold Price: $695,000
Stonewater Home Sold
October 2017
17825 Parkshore Drive, Northville: 4 bedrooms, 3.2 bathrooms, 4,981 sq. feet, 3 car garage, Sold Price: $1,155,000
Stonewater Home Sold
October 2017
There are two types of letters, a Pre-Approval Letter and a Pre-Qualification Letter. The Pre-Approval letter is not as strong a a Pre-Qualification Letter and it is usually written by the loan officer you are working with that says that based on credit and preliminary numbers, you will be able to get financing. The Pre-Qualification Letter says that based on verification of credit, income, assets, employment, etc. you will be able to finance a specific dollar amount. For more information on Stonewater, or similar Northville or Novi neighborhoods such as Woods of Edenderry, Maybury Park Estates and Tuscany Reserve, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.