Here are the primary steps you need to take when you apply for a mortgage:
- Initial application: You’ll contact a lender and provide basic financial information.
- Document collection: You’ll provide requested documents like pay stubs and bank statements.
- Credit check: The lender will pull your credit report — revealing your credit score and credit history — as as a basis for evaluating whether you qualify for a mortgage.
- Financial review: The lender will evaluate your finances such as your income, debts, and assets to decide the loan amount you qualify for.
- Preapproval letter: The lender will issue a letter stating if you qualify for a mortgage and for how much. These preapproval letters often expire after 60 to 90 days.
- Shop for homes! You can start searching for homes for sale within the price range stated on your preapproval letter. Once you find a home to buy, you’ll need to complete a final mortgage application process, and you don’t have to use the same lender.
Check out below to see what sold in Ravines of Northville in August 2025:
44251 Deep Hollow Circle, Northville: 4 bedrooms, 3.2 bathrooms, 3,515 sq. feet, 3 car garage, Sold Price: $950,000
Ravines of Northville Home Sold
August 2025
For more information on Ravines of Northville, The DiMora Team today at 248-505-7728 or jim@dimora.com.