Home Buying in 36695>Question Details

Henise, Home Buyer in Lehigh Acres, FL

Appraisal came back with repairs and a 1000 dollar increase on purchased price.I've accepted everything.What happens next?

Asked by Henise, Lehigh Acres, FL Fri Feb 15, 2013

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Rodney Mason’s answer
That would be a question for your Loan Officer and your Buyer's Agent. Only they know the details of your transaction.

Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
0 votes Thank Flag Link Sat Feb 16, 2013
If the appraisal was ordered by the lender to process a loan and everything is approved, then the closing process enters the end stages. Closing documents will be prepared, title insurance policies will be drawn up, loan documents will be finalized and any other offer contingencies must be met.

Once these are completed, you will receive a preliminary closing package showing the scheduled closing date and how much money you must bring to the closing.
0 votes Thank Flag Link Sat Feb 16, 2013
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