Mortgage underwriting is one of the most important parts of the mortgage loan process as a whole. The DiMora Team are real estate experts in the Northville and Novi neighborhoods, and we know that this is the process used by mortgage lenders to understand and assess the risk they could take by lending to a borrower. During the underwriting process, mortgage lenders will review characteristics that could influence this risk, like your credit score, income, debt, and the price of the property you intend to purchase. These pieces all add up to help them understand the risk they’ll take when lending to you, contributing to their final loan decision. Check out below to see what home has just been listed in Steeplechase in November 2024:
50463 Rose Terrace, Northville: 4 bedrooms, 2.1 bathrooms, 3,827 sq. feet, 3 car garage, Listed Price: $900,000
Steeplechase Home Just Listed
November 2024
This decision regarding whether or not to lend to you comes from the documentation you provide. When you apply for a mortgage loan, you must provide key documents encompassing your income, debt, tax returns, assets you own, and more. Each of these documents shapes the decision-making the mortgage underwriter performs. For more information on Steeplechase, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.