What does it mean to get preapproved for a mortgage? Mortgage preapproval requires a lender or mortgage broker’s thorough review of your finances to determine if you qualify for a mortgage and for how much. Many people think they are good to buy because they make a certain amount of money, but there is more than income that goes into being preapproved. A lender will look at everything, such as income, debts, and credit scores to determine what a person can qualify for. Check out below to see what sold in Lakewoode Parkhomes in August 2025:
39728 Village Wood Circle, Novi: 2 bedrooms, 1.1 bathrooms, 860 sq. feet, 1 car garage, Sold Price: $175,000
Lakewoode Parkhomes Home Sold
August 2025
You can also use your preapproval letter to show home sellers you’re serious about buying when you submit an offer for a home. For more information on Lakewoode Parkhomes, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.