Detroit Real Estate

What does bridge loan mean? Novi real estate terms. Bridge Loan is a second trust that is collateralized by the borrower's present home allowing the proceeds to be used to close on a new house before the present home is sold. Also known as a "swing loan".

With the mortgage melt down, bridge loans are very hard to get because the banks are not sure whether you will sell your house.

For more information on Novi Real Estate terms, or if you are interested in buying a Novi home, please give me a call at 313-310-9855 or email me at yesmyrealtor@gmail.com

Search for Novi homes

Michigan Lake information

Novi home information

Michigan Lake Info:

What does assignment mean? Novi real estate terms. Assignment is the transfer of a mortgage from one entity to another.

If you own a house long enough, your mortgage will be sold from one bank to another. Nothing changes, the interest rate is the same and the amount you owe remains the same. Expect your mortgage to go from one bank to another if you live there long enough.  

For more information on Novi Real Estate terms, or if you are interested in buying a Novi home, please give me a call at 313-310-9855 or email me at yesmyrealtor@gmail.com

Search for Novi homes

Michigan Lake information

Novi home information

Michigan Lake Info:

What does adjustment interval mean? Novi real estate terms. Adjustment interval is on an adjustable rate mortgage, the time between changes in the interest rate and/or monthly payment, typically one, three or five years depending on the index.

Usually an adjustable rate mortgage has a fixed rate period of two, three, five or seven years. Then the rate goes to a variable rate.  

For more information on  Novi Real Estate terms, or if you are interested in buying a Novi home, please give me a call at 313-310-9855 or email me at yesmyrealtor@gmail.com

Search Novi foreclosure and home listings

Novi Subdivisions Michigan

Novi real estate Michigan

Novi Mi prevalent Architecture

Michigan Lake Info:

In the past year 4 Windridge subdivision homes sold (Novi, Michigan). On average these homes were on the market for 27 days. The Windridge subdivision homes range from 2900-3700 square feet. The homes are mostly Colonial and Cape Cod style.  Most of the homes have brick exteriors, 2 & 3 car garages, 3-4 bedrooms, 2 + bathrooms, basements.

Windridge Place has approximately 45 homes in it.  The homes were built during the years of 1997 -1998. Windridge is located between 9 and 10 mile roads and between Taft and Beck Roads.

Photo	Price	Address City	Bed Bath Style Sq.Ft.	Exterior Basement Garage Size Lot Size/Acres	Year Built Summer Tax Winter Tax School Dist.
	$345,000	24152 WINDRIDGE LN NOVI	4 3.1 COLONIAL 2,662	BRICK, WOOD FINISHED 2 CAR 100 X 125/0.29	1997 5,107 1,017 NOVI
	$365,000	24164 WINDRIDGE LN NOVI	4 2.2 CAPE COD 2,848	BRICK, WOOD FINISHED 3 CAR 100X125/0.29	1997 5,938 1,050 NOVI
	$419,900	45824 ASHFORD CIR NOVI	4 3.1 COLONIAL 3,190	BRICK, WOOD FINISHED 3 CAR 100X100X120X120/0.28	1996 5,607 1,149 NOVI
	$475,000	45920 ASHFORD CIR NOVI	4 4.1 COLONIAL 3,709	BRICK PART FIN 3 CAR 77X178/0	1997 7,275 1,406 NOVI

 If you are interested in any Windridge subdivision homes or any other Novi homes for sale, please give me a call or email me at yesmyrealtor@gmail.com

Search for Novi homes

Michigan Lake information

Novi home information

Real Estate Videos:

Pontiac Lake sunset, White Lake Michigan

Moving to Michigan Garden City real estate

West Bloomfield Condos - Condo buyer tips

Green Lake West Bloomfield Michigan  

Walled Lake Lakefront Real estate, Novi real estate

Michigan Lake Info:

In the past year one Summerlin subdivision home sold (Novi, Michigan) for lease. On average this home was on the market for 31 days. The Summerlin subdivision homes range from 2500-3100 square feet. The homes are mostly Colonial and Cape Cod style.  Most of the homes have brick/cedar & stone/wood exteriors, 2 & 3 car garages, 3-4 bedrooms, 2 + bathrooms, basements (some walkout).

Summerlin has approximately 40 homes in it.  The homes were built during the years of 2003 -2005. Summerlin subdivision homes are located between 12 Mile and Pontiac Trail and between Beck and Novi Roads.

Photo	Price Status MLS Prop. Type	Address City Area Number Map Coord	Bed Bath Style Sq.Ft.	Exterior Basement Garage Size Lot Size/Acres	Year Built Summer Tax Winter Tax School Dist.
	$2,480	44637 LUDLOW DR NOVI	4 3.1 COLONIAL 3,190	BRICK, OTHER UNFINISHED, WALKOUT 2 CAR 96X130/0	2003 4,834 91 WALLED LAKE

If you are interested in any Summerlin subdivision homes or any other Novi homes for sale, please give me a call or email me at yesmyrealtor@gmail.com

Search for Novi homes

Michigan Lake information

Novi home information

Real Estate Videos:

Novi real estate home buyer tips - comparables  

Russ Ravary real estate Livonia MI  

Michigan relocation - Plymouth - Northville real estate  

West Bloomfield real estate - how to sell your home  

Farmington Hills home buyer tips

Michigan Lake Info: