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Mortgage Settlement

Getting the keys to the front door

During mortgage settlement, as the buyer you have to pay the balance of the purchase price, contracts are exchanged and you officially become the proud owner of the property.

The application and property are assessed and all parties are required to get their finances and documents in order. This usually takes 4 to 8 weeks depending on the state or territory the property is located in and negotiation between the vendor and buyer

When title deeds are handed over to your lender, this signals the end of mortgage settlement. Once this is done, the keys are yours

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