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 […]
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 […]
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 […]
Beyond the home’s purchase price that you are interested in, other expenses might not be immediately apparent, such as closing costs (typically 2-5% of the loan amount), property taxes, and homeowner’s insurance. The DiMora Team are real estate experts in the Novi and Northville neighborhoods, and we know that there are also inspection fees and […]
When buying a house, the typical down payment for a home is 20% of its price; so, for a $475,000 home, you should have $95,000 saved up. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that if you don’t have 20% saved up, and you’re not in […]
If you’ve decided you’re ready to start the homebuying process, it’s essential you get prepared before you even begin your home search. The DiMora Team are real estate experts in the Novi and Northville neighborhoods, and we know that if you take key steps to get ready and up-to-speed, you can help ensure the homebuying […]
