Referrals — from neighbors, friends, or others —are a common source when looking for a remodeling contractor. Real estate professionals also recommend contractors and may offer extra assurance from their well-vetted network. Before you hire a contractor, schedule three to five in-person interviews, gather bids, and thoroughly check the background of any you’re considering. Google […]
Everything has value. Especially your home. And when it comes to selling your home, assigning a price to that value is complicated. You made memories there. You’ve got a major financial interest in the place, too. Buyers think of value, but they’re more concerned about price. And your home’s price is one of its most […]
Selecting and interviewing an agent is the most important relationship you’ll form on your home selling journey. Pick the right agent and you may get a better sales price for your house. Next, deciding what your home is worth and pricing it is what you will determine with your agent. The right price can attract […]
Does a mortgage preapproval affect your credit score? While some mortgage preapprovals may result in a hard credit inquiry and affect a borrower’s credit score, however, the mortgage preapproval’s impact alone shouldn’t fundamentally change the status of your credit. Exploring multiple lenders is often beneficial and shouldn’t significantly impact a prospective home buyer’s credit score. […]
You might wonder if a borrower can be denied a loan after mortgage preapproval? While mortgage preapproval may help indicate what type of mortgage a borrower may qualify for, it doesn’t guarantee final approval for a loan. Many factors can impact what ultimately happens with a mortgage. For example, a consumer might be denied a […]
Preapproval letters can give home sellers extra assurance when putting an offer in on a house. Some listing agents and sellers will not consider an offer without a preapproval letter. There is no point negotiating with someone unless they can show they are qualified. Otherwise, it can be a huge waste of time for 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 […]
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 […]
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 […]
Filing for bankruptcy may seem like the ultimate roadblock to applying for a mortgage loan, but that’s not necessarily the case. The DiMora Team are real estate experts in the Novi and Northville neighborhoods, and we know that you need to know what type of bankruptcy you filed. This is key to keep in mind […]
