Purchasing your first home as a couple is exciting and exhilarating, but it also comes with plenty of required preparation. The DiMora Team are real estate experts in the Novi and Northville neighborhoods, and we know that before you even begin searching for your first home, you’ll want to formulate a clear strategy that starts with having plenty of conversations and deep discussions. Taking this extra step well ahead of time will help you develop a strong game plan for buying your first home and all the process entails. When purchasing your first home as a couple, you need to view your financial standing as a singular unit. Also, when pursuing a joint mortgage to purchase a home, remember that both of your individual credit scores will impact the terms of the loan. In addition to both credit scores, lenders will review you and your partner’s combined income and debt-to-income ratio. Check out below to see what sold in Bradford of Novi in January 2025:
21946 Daleview Drive, Novi: 4 bedrooms, 3.1 bathrooms, 3,399 sq. feet, 2 car garage, Sold Price: $615,000
Bradford of Novi Home Sold
January 2025
If one partner has poor credit, you may consider the other partner with a stronger score securing the mortgage loan. This comes with additional discussions that must be had around shared responsibility for payments, terms that will protect the borrower, and more. For more information on Bradford of Novi, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.