To get preapproved for a mortgage you’ll need to meet with a lender — for example, from a bank you’re already using or a mortgage loan officer at another bank, a credit union, a mortgage broker, or an online lender. (Ask your real estate agent for recommendations if you’re unsure.) During the preapproval process, a […]
When applying for a 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 […]
The fun part of buying a home is looking through all the homes for sale to uncover your special gem. Without a little prep work, you could set yourself up for unpleasant surprises. After all, if you skip getting a mortgage preapproval before starting your search, you may fall for a home that a lender […]
Here are some popular mutigenerational home design features. Households prefer features that best fit their family members and preferences, but these are popular choices: Separate entrances Accessibility features (for example, wide doorways, grab bars, ramps, slip-resistant flooring) Two full kitchens or a separate kitchenette (for light snacks, morning coffee, etc.) Multiple private suites with full […]
With multigenerational living, grandparents may move in to help care for grandchildren — or vice versa. About a third of these households cite caregiving as a top reason for combining households, including 25% who cite adult caregiving. Gen Xers, currently 45 to 60 years old, are the most likely to live in multigenerational households (at […]
If you’re looking on ways to use your home’s equity you can always refinance it. In essence, this is a way of paying off your current mortgage and getting cash out based on how much equity (the difference between the market value of your home and what you owe on it) you have in your […]
Are You Ready for the Realities of Being a Landlord? Managing a rental property involves more than collecting monthly rent. It’s a commitment that can be time-consuming and challenging. For example, you may get maintenance calls at all hours of the day or discover damage that needs to be repaired before a new tenant moves […]
When you’re ready to move, figuring out what to do with your house is a big decision. And today, more homeowners are considering renting their home instead of selling it. Recent surveys show about two-thirds of sellers thought about renting their home before listing, with nearly a third taking that possibility seriously. Compared to 2021, […]
There are critical differences between purchasing a single-family home versus a condominium. Choosing between a house or condo comes with key distinctions to consider to help you decide which is a better fit for you. The DiMora Team are real estate experts in the Northville and Novi neighborhoods, and we know that the biggest difference […]
Having a real estate agent you trust and can depend on is key to making the process smooth and seamless. As you go through each step, your real estate agent is there to guide you and keep your best interest top of mind. The DiMora Team are real estate experts in the Northville and Novi […]
