If you’re thinking about buying, its important to know the difference between pre-qualified and pre-approved. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that when you are pre-qualified it means that it is an estimate of your borrowing power from a lender, often determined over the phone. When you get pre-approved it means you have a written commitment issued by a lender after a comprehensive analysis of your creditworthiness including verification of your income. It also is a formal decision about your credit which includes a mortgage commitment letter from your lender. Check out below to see what sold in Chase Farms in March 2019:
21045 Chase Drive, Novi: 4 bedrooms, 2.1 bathrooms, 3,232 sq. feet, 2 car garage, Sold Price: $462,500
Chase Farms Home Sold
March 2019
20926 Chase Drive, Novi: 5 bedrooms, 3.2 bathrooms, 3,396 sq. feet, 2 car garage, Sold Price: $$540,600
Chase Farms Home Sold
March 2019
Your pre-approval is conditional upon identification of a suitable property and confirmation of no material change to your financial condition or creditworthiness prior to closing. For more information on Chase Farms, or similar Northville or Novi neighborhoods such as Cascades of Northville, Bradford of Novi and Kirkway Estates, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.