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 […]
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 […]
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 […]
When selling your home, it’s critical that you first begin by making your home selling strategy. The DiMora Team are real estate experts in the Novi and Northville neighborhoods, and we know that while many sellers tend to zero in on securing the highest value for their property or selling quickly, a multitude of factors must be […]
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 […]
When planning your ideas of a dream home into a tangible reality, start to think of the type of house you’d like to live in. What architectural styles do you favor? Do the homes in the neighborhoods you’ve identified as your top picks have a specific type of build? Are you better suited for a vintage bungalow, […]
