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Welcome to the start of your Journey!

Perth Mortgage broker

Thankyou for choosing Your Future Set! 

Table of Contents

This is an important step in your journey, and we are here to guide you through every part of the process.

While we trust what you’ve told us, we do need to verify your documents to make sure everything’s complete and accurate before presenting it to the bank. This helps keep things running smoothly and gets you one step closer to approval.

We’ve put together this handy couple of pages to make the process easier for you. If you have any questions at all, don’t hesitate to reach out. Mike’s here to support and explain everything along the way – just drop a message at [email protected].

Feel free to head over to the scroll through where you’ll find a simple list of guidelines to follow.

Thankyou for choosing Your Future Set

All the best you’ve got this!

Mike Mackenzie

Congratulations on going unconditional!

You’re in the final stretch! Now that your loan is unconditional, it’s time to complete a few important final steps, like arranging insurance, completing pest and building inspections, and signing your mortgage titles. 

We know these details can feel overwhelming, but everything you need is right here in this guide. If you have any questions or need support, don’t hesitate to reach out at [email protected].

For more assistance gathering documents

See the following pages. 

Step-by-Step Guide to Filling Out the Contract of Sale

and why you should request 21 Days for finance approval

Welcome to Yourfutureset, where we make the home-buying journey smooth and stress-free! I’m Mike, the owner and your trusted mortgage broker. Whether you’re a first-time buyer, an investor, or upgrading to your dream home, I’m here to guide you every step of the way. 

This guide will walk you through filling out the Contract of Sale and explain why we ask for a 21-day finance approval period.

Step 1: Understand the Contract of Sale

The Contract of Sale is a legally binding document between the buyer and the seller. It outlines important details like:

  1. The agreed purchase price.
  2. Property details.
  3. Settlement date.
  4. Special conditions, such as the finance approval period.

Why it matters: This contract forms the foundation of your home purchase. Filling it out correctly ensures there are no delays or misunderstandings. If you’re unsure about any part of it, don’t hesitate to ask me for help—better safe than sorry!

Step 2: Set the Finance Approval Period to 21 Days

While there’s no strict rule on why it should be 21 days, this timeframe is a safety net. Here’s why:

  1. Enough time for the banks: Most lenders take around 14 to 21 days to fully assess your financial situation and approve your mortgage. By setting this period in the contract, we ensure both you and the lender have enough time to get everything sorted without rushing.

  2. Avoiding delays: If finance takes longer than expected, this buffer period helps prevent contract breaches or stressful extensions.

However, if you’re concerned about the timing, we can expedite the process and move things along quickly. Our team at Your future set is known for getting things done fast, so don’t worry!

Step 3: What if You Don’t Have Pre-Approval?

No pre-approval? No problem. At Yourfutureset, we specialize in speeding things up. Here’s how we handle it:

  1. Quick assessment: We’ll gather all the necessary documents from you as soon as possible.

  2. Strong lender relationships: Thanks to our extensive connections with multiple lenders, we can fast-track your application and get answers quickly.

  3. Clear communication: I’ll keep you updated at every step so you’re never left in the dark. You’ll know exactly where we stand with your loan approval at all times.
Step 4: Keep in Touch with Your Future Set for Personalized Guidance

Every property purchase is different, and the details of your situation may impact how the Contract of Sale is filled out. That’s why it’s important to contact us if you’re unsure about any part of the process. We can help tailor the contract and offer advice to give you the best possible chance of success.

An example of a Contract for Sale supplied by The best Perth Mortgage broker Your Future Set
An example of a Contract for Sale supplied by The best Perth Mortgage broker Your Future Set

Instructions for Signing Loan Documents

eSigning via DigiSign

Receiving the Document

You will receive an email with a link to the DigiSign platform where your loan documents are available for eSigning.

Accessing the Document

You will receive an email with a link to the DigiSign platform where your loan documents are available for eSigning.

  1. Click on the link in the email to open the document in your web browser.
  2. You might be prompted to log in or create an account on DigiSign if you don’t have one already.
Reviewing the Document
  1. Look for the “Sign Here” or similar prompt within the document. Click on it to add your signature.
  2. Follow the instructions to create your electronic signature. You can usually type, draw, or upload a scanned signature image.
  3. Once you’ve signed, follow any remaining prompts to complete the process (such as confirming your signature).
Finalizing

After signing, you may be asked to review your signature and make any necessary corrections.

  1. Click “Finish” or “Submit” to complete the signing process.
  2. You will receive a confirmation email once the document has been successfully signed.

Printing and Scanning Loan Documents

Receiving the Document

You will receive the loan documents via email or another method. Download and save them to your computer.

Printing the Document
  1. Open the document on your computer.
  2. Print the document using your printer. Ensure you print all pages.
Signing the Document
  1. Review each page of the document.
  2. Use a pen to sign where indicated. Make sure all required signatures and initials are completed.
Scanning the Document:
  1.  Once signed, scan the document using a scanner. If you don’t have a scanner, you can use a scanning app on your smartphone.
  2. Ensure the scan is clear and all pages are included.
Sending the Document:
  1. Save the scanned document as a PDF or image file.
  2. Reply to the email you received with the loan documents, or send a new email with the scanned copies attached.
  3. If sending via email, include a brief message indicating that the signed documents are attached.

Carefully review each page of the document to ensure all details are correct.

Important Note:

For CBA Loan Documents: Unfortunately, CBA loan documents cannot be signed electronically via DigiSign. You will need to print, sign, and scan these documents as described above.

If you have any questions or run into any issues, please do not hesitate to contact us for assistance.

How to print and sign mortgage titles

Even though the loan documents are Esign we need to print off two copies of the mortgage titles. These can be witness by anyone over 18 who is not a part of the loan process. 

Don’t forget the witness has to put down their full name, many people forget there middle name as well as the post code for their address. Either scan or take a picture and send to Your Future Set so we can make sure its ok before posting to lender. Delete if not applicable.

Follow the guide below, and send it over to us so we can check and make sure it is good to go before sending it to the bank.

A typical mortgage title that you will need to sign. Perth's Best Mortgage Broker Your Future Set
How to Print your Mortgage Form

Building and Pest Inspections

Why you should conduct a Building and Pest Inspection before buying

Uncover Hidden Issues

Even though a house may look perfect, underlying problems like structural damage, leaks, or pests (such as termites) can go unnoticed. These issues can cost thousands of dollars to fix later.

Negotiate A Better Deal

If the inspection reveals any problems, you can use this information to negotiate a better price or request repairs before you buy. This could save you money in the long run.

Avoid Future Headaches or Major repairs

Major repairs, especially to a home’s structure, can be expensive and stressful. Knowing the condition of the property upfront can help you plan better and avoid unexpected costs.

Compliance with Regulations

Some issues uncovered by the inspection might mean the property doesn’t meet Australian building standards or local council regulations. It’s better to know this before committing to the purchase.

Peace of Mind

Buying a home, especially in Australia where pests like termites are common, is a big decision. A building and pest inspection gives you confidence that you’re making a sound investment, whether it’s your first home, an upgrade, or an investment property.

When should I complete a building and Pest Inspection

Answer: 1 week after finance approval
Receiving the Document

Ideally, get the inspection done before signing any contracts. This way, you can avoid being locked into a property with costly issues.

1. Before Signing the Contract

In many Australian states, home buyers have a cooling-off period after signing the contract. This is another good time to conduct the inspection. If the inspection reveals any major concerns, you can choose to back out or negotiate a solution.

3. Before Final Settlement

If you’re buying at auction, you may not have the luxury of an inspection beforehand. In this case, try to schedule it as soon as possible after your successful bid but before the final settlement to address any last-minute issues.

This inspection is a small investment that can save you a lot of stress, time, and money down the road.

Next up... Getting Insurance Sorted.

See the following pages.