Do You Have to Stick With the Lender Who Processed Your Mortgage Preapproval? Preapprovals are just a preliminary assessment rather than a binding commitment, so borrowers aren’t tied to the lender who preapproved them. After being preapproved, home buyers can and should shop around to find the best lender who can offer the best possible deal.
When Should You Lock in Mortgage Rates? Once buyers find the right home, we advise they lock in their rate shortly thereafter. Mortgage rates fluctuate every day and, as we have seen so far this year, can be very volatile. If buyers find a house they love and are comfortable with the payment on the home based on today’s rates, we suggest locking in that rate so they have certainty of what payments will look like on the home loan. Check out below to see what home is currently listed for sale in Island Lake of Novi in September 2025:
29421 Acorn Trail, Novi: 5 bedrooms, 4.1 bathrooms, 3,650 sq. feet, 3 car garage, Listed Price: $950,000
Island Lake of Novi Home for Sale
September 2025
For more information on Island Lake of Novi, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.