What Is a Settlement Date?

It involves your new lender receiving your home's title deeds from your old lender.

When refinancing, the settlement date is when your new lender will receive the title deeds to your home previously held by your old lender, and the old loan will be paid out and replaced with your new loan.

Occasionally, stamp or transfer duty must be paid before the settlement date – if you switch to a home loan with a larger balance than the principal of your previous loan.

Learn how to prepare for settlement with Unloan here or find out what documents you need when settling with us.

This article does not have regard for the financial situation or needs of any reader and must not be relied upon as financial product advice. As this information has been prepared without considering your objectives, financial situation or needs, you should, before acting on this, consider the appropriateness to your circumstances.

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