Home loan guide / Home loans explained

Everything you need to know about settlement

10 min read

Diem Tran

Settlement is the final step before you become a home owner (or when your new loan begins). We break it down so you know what to expect.

Don't feel like reading? Skip ahead to our explanatory videos

Settlement is the final step in the home loan process: it’s when the seller receives their payment for the property, and when your Tic:Toc home loan begins.

Or if you’re refinancing, it’s when your existing lender gets paid out for your original home loan (by us), and when your new Tic:Toc home loan begins.

I need more help

Your conveyancer or solicitor is the best person to answer your settlement-related questions. After all, that’s what you’re paying them for.

You can also contact our digital legal partner, MSA National, if you have questions about settlement.

MSA National
Email: tictocenquiries@msanational.com.au
Phone: +61 2 8719 4000

If you’re still hitting information roadblocks, (though we don't think you will), you’re also welcome to get in touch with us:

Tic:Toc
Email: myenquiry@tictochomeloans.com
Phone: 1300 842 405

Settlement forms

Just in case you misplace any of the forms we sent you in your settlement pack. As well as a couple of sneaky ones you may also need.

Settlement guides

The handy (yet often wordy) booklets that provide further information or tell you how to do things.

If you're purchasing a home, the settlement process looks like this

If you're refinancing, the process is even shorter. Watch how it works

More in Home loans explained

Slide 1 of 9
  • Man holding ladder while woman on ladder put painting tape on wall

    Home loans explained

    What does home equity mean and how does it work?

    Caitlyn Smith

  • Two women high fiving while doing a push up

    Home loans explained

    Pairing fixed rates and offset accounts

    Caitlyn Smith

  • Home loans explained

    How to Assess Home Loan Features and Interest Rates: A Tic:Toc Guide

    Diem Tran

  • Hand wash and plants on a window ledge

    Home loans explained

    Fixed vs. Variable Home Loans: Which is Better for You?

    Caitlyn Smith

  • Home loans explained

    How to maximise your borrowing capacity: a comprehensive guide

    Diem Tran

  • Home loans explained

    5 ways to protect your home loan from interest rate increases

    Diem Tran

  • Home loans explained

    Why serviceability is essential to an affordable home loan

    Diem Tran

  • Home loans explained

    How do rising interest rates impact your borrowing capacity?

    Diem Tran

  • Home loans explained

    10 home loan phrases you need to know

    Caitlyn Smith