When a buyer first approaches a lender, they will find out this information by seeking pre-qualification or pre-approval. Both of these steps have the goal of finding out more details about what a potential mortgage loan would look like if you were to take one out with a specific lender. The DiMora Team are real estate experts in the Northville and Novi neighborhoods, and we know that pre-qualification is the first step to getting a mortgage. With pre-qualification, borrowers approach a lender and submit basic personal and financial information to determine their eligibility. The lender then takes that information and uses it to create a rough overview of what a loan would look like if it were taken out with those exact qualifications. The biggest difference between pre-qualification and pre-approval is that the lender does not verify the borrower’s information during pre-qualification but does verify it during pre-approval. Check out below to see what sold in Brooklane Ridge in February 2025:
44211 Greenview Lane, Northville: 4 bedrooms, 3.1 bathrooms, 3,358 sq. feet, 3 car garage, Sold Price: $825,000
Brooklane Ridge Home Sold
February 2025
Buyers should speak with lenders as they interview to learn more about the specifics of their lending process as well as the distinction between pre-qualification vs pre-approval. For more information on Brooklane Ridge, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.