Things to do After Closing on a Home
Congratulations, you have just purchased a home! This is something to get excited about, but you are not out of the woods yet. Here are a few mortgage tips to help guide you through the rest of the mortgage process after closing on a home!
Updating Your Address
This seems like an obvious one, but failing to update your address with all the necessary entities that need it can create big headaches down the line. The last thing you want is to miss a bill because the billing company is sending correspondence to the wrong address.
Your employer should be one of the first ones you notify, this way you will make sure they send your paychecks to the right place. Any bank accounts, whether business or personal, will also need to be notified. You should also change your address with voter registration, companies you receive lots of packages from, credit card services, and the DMV so you can get an updated license.
Utilities and Services
Gas, water, and electric companies need to know that you have sold the home for a couple of reasons. First of all, you will want to make sure that you are caught up on all utility payments so that the new owners of your old home do not have outstanding bills. Internet and trash providers should be notified for the same reason.
Secondly, you are going to need all of the previously mentioned utilities written in your name for your new home, so you can plan ahead by getting into contact with these companies before you have completed the move. It is likely that you will be a first-time customer with most of these companies, so getting the paperwork out of the way early saves time and decreases stress.
The locks on the new home can be overlooked during the whirlwind of moving into a new home. It is an expense most people naively look to avoid, but it can be disastrous if overlooked. It is unlikely that you know the previous owners of your new home, so failing to change the locks means complete strangers may have access to your domicile, yikes! It is a worthwhile investment to ensure the complete security of your home with new locks.
Harkening back to the fact that you probably did not know the previous owners of the home, you also don’t know what germs they left behind. Even though the home may appear clean you can never be too sure. If possible, you can plan even further ahead by enlisting a cleaning company to come in and clean the home thoroughly before you move. This way, you can have peace of mind that you will walk into a home that doesn’t pose a health risk.
At Equity Mortgage, we work with a variety of clients with varying degrees of mortgage needs. We offer our clients alternative options to their current loan programs with our wide range of mortgage products and flexible lending practices.
Experience fast, professional service for coronavirus mortgaging today and into the future. Contact us for more info or give us a call at 1-800-332-9221.
* Specific loan program availability and requirements may vary. Please get in touch with the mortgage advisor for more information.