The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know how important pre-approval and pre-qualification letters are. The pre-approval letter is not as strong as a pre-qualification letter. It is usually written by the loan officer you are working with and 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. Once you have spoken to a couple of lenders and 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 Churchill Crossing in October 2017:
24403 Cavendish Ave E, Novi: 4 bedrooms, 3.2 bathrooms, 3,018 sq. feet, 3 car garage, Sold Price: $531,000
Churchill Crossing Home Sold
When you submit your offer you should be able to reference the strength of the letter to the listing agent. Also, if you don’t have a real estate agent, you can use this letter as proof you can afford to buy a house and that he or she will not be wasting their time driving around to houses you do not qualify for. For more information on Churchill Crossing, or similar Northville or Novi neighborhoods such as Addington Park, Quail Ridge and Barclay Estates, contact The DiMora Team today at 248-505-7728 or email@example.com.