Signing home loan documents can be scary

May 14, 2015
Samantha Korzeniewski

5 Tips to signing your loan documents.

It is such an exciting time when you have been approved for you loan and now you are ready to sign your loan documents.

Then it arrives the package from the bank!!! And all of a sudden there is paper everywhere and your heart rate increases. How on earth are you going to know what to sign, where to sign and what are you signing.

Well we are here with these 5 simple tips to help you sign your loan documents.

  1. Make sure you read the contract and make sure that all details are correct for example:

-          Name

-          Address

-          Loan Amount

-          Loan Product


  1. Check what you have to sign. Every Lender does have their own forms and most provide a cover letter advising you what is in the documents and what you need to sign. Here are some of the more common forms that may be included:

-          Loan Document or Letter of Offer

-          Mortgage Document

-          Disbursement Authority or Settlement form

-          Direct Debit Form

-          Witness Acknowledgement


  1. Check to see if your documents need to be witnessed. Most mortgage documents need to be witnessed by a Justice of the Peace or a Commissioner of Declarations. You can generally find a Justice of the Peace at your local court house.


  1. Once you have signed all your documents, start from the beginning and read through the documents and make sure you have signed in all the places requested.


  1. Lastly the bank should generally provide a Reply Envelope for you to put the documents in and send in the mail. We find that if you return the documents via this envelope they are generally received in 24 to 48 hrs.


And that’s it! You have signed your documents and sent them back to the bank. Congratulations, your almost there.

If you would like any further information on signing your Mortgage documents please contact our office on (07) 5549 0800.

Posted in: Tips

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