Stage 8 of 8
Settlement and beyond
First Home Buyer
Stage 8 / 8 · Settlement
Settlement and beyond
The day money moves and you get the keys. Then the longer game: when to use offset, when to refinance, when not to.
Settlement is the day. The next ten years is where the money actually changes, most first-home buyers leave $50k–$120k on the table by ignoring their loan after move-in.
Settlement day
- Final inspection 24-48 hours before settlement.
- Conveyancer confirms funds with your lender.
- Lender disburses to vendor’s bank.
- Title transfers; you collect keys from the agent.
- Insurance commences from settlement (you should arrange this two weeks earlier).
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WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates are calculated on a secured loan of $150,000 over 25 years for home loans and a loan of $30,000 over 5 years for car and personal loans, unless the lender states another basis. Business loans and equipment finance for a business purpose have no mandatory comparison rate.