Following Florida Mortgage Approval and Contract Signing: What’s Next?

The search for your ideal property may have ended - and you may even have signed a contract on the residence. But you aren’t finished. yet. What steps are to follow in the Florida home mortgage process?

1. Contact your lender
Once you sign a contract on a house, things often quickly. If you have been pre-approved for a Florida mortgage loan, you need to make sure all the necessary paperwork has been completed in order for you to obtain final approval. Contact your lender and provide whatever additional information is required.

2. Arrange a home inspection
If you’ve stipulated in your contract that your offer is conditional upon inspection, then you will able to negotiate with the seller regarding any necessary repairs. The seller will then have to make appropriate arrangements to correct those issues.

3. Remember small details
There are numerous small details to take care of once you sign a contract on a home. You must change your address and change over your utility billing for the new home. You need to make moving arrangements. Don’t forget to contact your insurance company to set up homeowner’s insurance. Also, be sure that all of your funds are in order for closing.

4. Take a final walk-through
Prior to closing, make sure to take a final walk-through of the home. It ensures that any repair issues that were included in your contract, and raised during the home inspection, are taken care of.

Remember: there’s always a flurry of activity once you have a contract on a home. Keep a list to help make sure that you have done all that you need to do. This should help your home buying process go smoothly.