Applying for Your Mortgage

The process of buying a holiday home in Florida is not the same as purchasing a home in Britain and other countries. Therefore, you should not be surprised that the process of funding it with an America mortgage is a bit different too.

Our expertise will walk you through the whole process as simply as possibly, every step of the way.

As the leading independent mortgage broker, we offer mortgages thru the leading UK & US lenders.

 Steps:

If you have not found the property you want to purchase, you would want to apply for a decision in principle. We will assist you in completing the mortgage application packet.        

What happens next:

1. The lender issues an Agreement in Principle to you.
2. Regulatory disclosures will be sent to you, such as the Truth-in-Lending Disclosure statement, which allows you to see the terms of the loan in a standard format, along with a Good Faith Estimate of settlement costs.
3. A valuation report (better known in the US as an Appraisal) and Flood Certification are required on your proposed Florida Home. We handle all of this for you.
4. Title Company insures a title insurance policy to buyer and lender. They also guarantee clear title.                                                                                                                            
5. Your final completion documentation will be sent to you via overnight mail, you will schedule time with your solicitor or notary for signature verification and return the completed docs to the title company.
6. Documentation including a Department of Housing and Urban Development Settlement statement (HUD-1) and the Mortgage and Promissory Note together with remaining documents are sent to you via overnight mail or you can be present.
7. Upon your return of the completion package to the title company, your home now belongs to you. Congratulations!