Full Transcript

What Happens After Your Mortgage Gets Approved? 🇩🇪🤔

8:191,005 summary words · ~5 min readEnglishBy HypofriendTranscribed Sep 3, 2026

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Summary

After mortgage approval in Germany, buyers must process a specific document package, time their notary signing within the 14-day statutory cancellation window, and satisfy notary-managed land register and tax milestones before loan disbursement.

Mishandling the post-approval sequence can lock a buyer into expensive loan cancellation penalties or delay the 10-to-14-day payout window required to finalize property ownership.

Section summaries

Introduction and Contract Delivery

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Luca introduces the post-approval stage of the German mortgage process. Once approved, the lender mails a physical paper bundle containing the full contractual agreement. He reassures viewers that postal delays are typical and explains that the bulk of the documents are intended for the borrower's records rather than completion.

Contractual mortgage bundles arrive as physical hard copies via mail.
Most documents in the bundle are for borrower records, not for signing.

Introductory remarks with basic expectations regarding mail delivery.

Document Package Triage and Language Barriers

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This section explains how to identify actionable paperwork using lender stamps such as 'Zurück an die Bank.' Luca notes that forms vary between lenders and emphasizes that the documentation uses formal legal German. Because automated translators struggle with legal terminology, professional translation or advisory guidance is recommended.

Lenders indicate actionable forms with stamps like 'Zurück an die Bank'.
Contracts use formal legal German that often misleads automated translators.

Explains how to identify mandatory forms and navigate translation requirements.

Contract Cancellation Period and Direct Debit

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Signing and returning the mortgage contract initiates a statutory 14-day cooling-off period. Luca advises buyers to coordinate their notary appointment within this window to retain penalty-free cancellation rights if a seller withdraws. The section also covers the SEPA Direct Debit mandate and the document linking the loan to the land register charge.

Returning the signed contract triggers a 14-day statutory withdrawal period.
Signing the purchase contract during this 14-day window prevents costly loan exit fees if the seller defaults.
The SEPA mandate is required for automated monthly loan deductions.

Details critical risk-mitigation timing between the loan contract and the notary appointment.

Disbursement Forms and Land Charge Registration

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This section outlines the Auszahlungsauftrag (payout order form) and the Grundschuldbestellungsurkunde (land charge deed). The payout form must be held for 4 to 6 weeks until the notary issues clearance. The land charge deed should be sent to the notary ahead of the appointment so both the sale and mortgage security can be formalized simultaneously.

Hold the Auszahlungsauftrag until the notary confirms purchase readiness.
Provide the land charge deed to the notary 1–2 days prior to the signing meeting.
Signing without the land charge deed requires a costly follow-up notary visit.

Prevents administrative sequencing errors and duplicate notary fees.

Payout Requirements Checklist

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Luca covers the Auszahlungsvoraussetzungen, an informational checklist specifying what the lender requires prior to releasing funds. While notaries satisfy most items directly, lenders may request specific borrower documentation such as sworn translator acknowledgments. The discussion then transitions to post-signing transaction timelines.

The Auszahlungsvoraussetzungen outlines specific lender disbursement criteria.
Some lenders mandate formal translator certificates before loan payout.

Identifies borrower-specific compliance conditions required by mortgage lenders.

Notary Milestones, Taxes, and Maturity Notice

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Notary execution initiates priority buyer reservation in the land register (Auflassungsvormerkung). Notary and brokerage invoices arrive within a week, followed 6 to 8 weeks later by the property transfer tax (Grunderwerbsteuer) from the tax office. Once settled, the notary issues the Kaufpreisfälligkeitsmitteilung, confirming legal clearance for payment.

The Auflassungsvormerkung secures the buyer against duplicate property sales.
Property transfer tax (Grunderwerbsteuer) arrives roughly 6 to 8 weeks post-notary.
The Kaufpreisfälligkeitsmitteilung serves as the official clearance to disburse funds.

Breaks down the critical multi-week timeline and tax prerequisites before funds can move.

Disbursement Countdown and New-Build Staging

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Once the maturity notice is issued, buyers face a strict 10-to-14-day window to complete the loan payout, after which key handover takes place. For new-build properties, the payout sequence spans 6 to 24 months across roughly seven construction tranches, with monthly interest payments increasing incrementally until final completion.

Borrowers have 10 to 14 days to disburse loan funds after the maturity notice.
Key handover occurs only after the seller confirms receipt of funds.
New-build properties release funds in up to seven construction-tied milestones.

Explains the payment deadlines and the fundamental mechanical differences of new-build construction financing.

Resolving Land Registry Delays and Coordination

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Luca explains workarounds when public land registries face backlogs updating security charges. Notaries can issue official interim confirmations to satisfy lender payout conditions during administrative slowdowns. The video concludes by emphasizing stakeholder alignment across the notary, lender, agent, and seller.

Notary interim confirmations can bypass land registry processing backlogs.
Proactive multi-stakeholder communication prevents payout requirement bottlenecks.

Useful edge-case troubleshooting for bureaucratic registry delays.

Key points

Leveraging the 14-Day Cancellation Window — Signing the mortgage contract triggers a statutory 14-day withdrawal period (Widerrufsfrist) during which the loan can be canceled without penalties. Aligning the notary appointment for the purchase contract within this window ensures you can exit the mortgage cost-free if the seller backs out.
Document Bundle Triage — Banks send a comprehensive physical contract bundle where only documents marked with a stamp or label reading 'Zurück an die Bank' must be signed and returned, while the rest are retained or routed elsewhere.
Prerequisites for the Purchase Price Maturity Notice — The notary only issues the Kaufpreisfälligkeitsmitteilung (maturity notice) after the priority notice (Auflassungsvormerkung) is entered, notary/agent fees are settled, and the property transfer tax (Grunderwerbsteuer) is paid 6–8 weeks post-signing.
New-Build Installment Staging — Unlike existing property where full disbursement occurs immediately upon maturity notice, new constructions disburse bank funds in up to seven construction milestones over months or years.

“it's preferred to sign your notary appointment during these 14 days so that if the seller of the property has an second thoughts and once to back out of the purchase you can still cancel your mortgage with no cost” — Luca

“it's a document that you have to hold on to for about a month month and a half and send it back to the bank at the end of the process after the notary issues a document called the C Mid tile” — Luca

AI-generated from the transcript. May contain errors.

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what happens after your loan is approved

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hey there and welcome back to heo friend

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your favorite Channel dedicated to

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helping you find and get the right

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mortgage options my name is Luca I'm a

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mortgage expert and today we're going to

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break down exactly what steps you need

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to follow to get your loan paid out

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after your loan is approved let's get

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right into it first of all

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congratulations if you're watching this

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video and the content is relevant to you

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that means that you're very close to

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becoming a legal owner of your first or

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one of many properties in Germany the

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first step is to accept your loan

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contract after your mortgage is approved

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the bank is going to send you a hard

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copy of all your contractual papers in a

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bundle this bundle usually takes a

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couple of days to arrive but that being

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said if there's a delay don't be too

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alarmed because you know what they say

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about Journal post now the bundle of

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paperwork that you're going to receive

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is going to contain a lot of documents

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but don't be alarmed most of these

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documents are for you to keep and not

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for you to fill sign and send back to

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the bank also the bank is going to

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include a little stamp on the top right

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corner of each document which

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says if the document says that that

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means Sly off that you need to either

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fill the document sign it or include it

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in the paperwork that you sent back to

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the bank with the signed loan contract

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if you're working with hio friend then

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one of your mortgage advisers will

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already reach out to you before you get

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your mortgage agreement to set up an

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appointment so that we can discuss your

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mortgage contract together with you in

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detail now to make your life a little

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bit easier let's talk a little bit about

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what exact documents you're going to

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receive as part of this bundle and what

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you need to do with it now before I get

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started I need to let you know that a

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lot of the documents are going to get

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usually Bank specific so this may not

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apply in every single case but as a

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golden rule it works most of the time

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all the documents that you're going to

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receive are going to be in legal German

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language which is frankly a little bit

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hard to understand and can usually

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confuse most online translators for that

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reason it's nice to have somebody to

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help you out or perhaps a translator

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that you've hired to translate all your

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documents the first document that you're

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going to receive at the bundle of

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contractual papers is the mortgage

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contract itself after you sign the

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mortgage contract and send it back to

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the bank with the rest of the documents

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your 14-day withdrawal period will begin

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that means that you have 14 days to

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cancel the mortgage contract before the

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bank will have the right to charge you

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the full cancellation fee not to go into

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too much detail but it's preferred to

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sign your notary appointment during

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these 14 days so that if the seller of

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the property has an second thoughts and

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once to back out of the purchase you can

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still cancel your mortgage with no cost

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the next document that you're going to

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receive as part of the bundle is your

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direct debit mandate or zppa mandate

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this has to be signed and sent back to

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the bank it's a document that gives the

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bank permission to automatically

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withdraw the funds from your account on

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a monthly basis next is the this

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document links your mortgage contract to

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the land charge in the land register to

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make sure that the bank has Security on

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the mortgage next is the

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Al it's a document that you have to hold

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on to for about a month month and a half

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and send it back to the bank at the end

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of the process after the notary issues a

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document called the C Mid tile which is

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basically a fway to say everything is

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done and we're ready for the loan to be

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paid out at that point you're going to

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use this document that the notary gives

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you to fill out the payout form and send

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it to the bank in order to order the

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bank to pay out the loan so for now hold

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on to that document and wait for the

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notary's instructions another standard

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doent that you're going to receive

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together with your contract is the Bell

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it's important that you forward this

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document to the notary one or two days

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before your actual notary appointment

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the reason is because during the notary

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appointment you sign the purchase

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agreement and the cont Bello the latter

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getes the bank Security on the mortgage

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now a lot of real estate agents and

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sellers are going to push you to sign

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your notary as soon as possible that

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means that in certain cases in rare

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cases you're going to be pushed to side

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the notary without even having the cult

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P now as long as your loan is approved

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this isn't alarming because you can go

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to the notary sign the purchase contract

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which is going to give a little bit of

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reassurance to the seller and the real

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estate agent and then you can book a

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second appointment to come back to the

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notary and sign the ones you get the

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last standard document that you're going

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to receive together with your paperwork

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is the list of payout requirements also

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called

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the this document is purely for your

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information it contains a list of

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documents that the bank is going to need

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to receive from either you or the laryy

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in order for the loan to be paid out

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most of these documents are going to be

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sent to the bank by the notary

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automatically however sometimes the bank

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has requirements for certain cases maybe

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they need you to have a translator

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confirmation to prove that you've

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adequately been able to understand the

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mortgage contract now that we covered

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all the critical documents that are

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included in your contractual paperwork

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let's talk a little bit about the

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timeline so you've signed your mortgage

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agreement and you have a 14-day

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withdrawal period during which you can

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cancel your mortgage with no costs as

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mentioned before it's recommended that

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you sign your notary during that period

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now once you sign your notary it's going

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to trigger two processes first they will

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set up the AL F which is basically a

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reservation for the buyer in the land

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register to make sure the seller can

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change their mind or sell the property

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to anybody else now during that period

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roughly one week after your lottery has

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been signed the notary is going to start

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sending you bills for the notary fee and

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the real estate agent fee once that is

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paid the next fee you can expect to

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receive is the gya from the finan this

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will come roughly 6 to 8 weeks after you

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signed your notary appointment once that

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is paid out the notary will issue a

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document called the CP felicit mid Tyler

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which is to translate it literally the

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purchase price maturity notice I

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mentioned the document briefly in the

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past but basically it's the notot saying

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okay everything's been paid most of it's

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been updated you can now tell the bank

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to pay the loan out once the document is

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issued it usually triggers a countdown

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of about 10 to 14 days during which the

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loan has to be paid out after the seller

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receives the money your next step is

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going to be to arrange an appointment

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for the key Handover once you get your

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key you can start planning your move and

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relocating in case you're buying a new

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buil property you usually have to wait 6

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months one year or up to 2 years for the

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property to be finished during the

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period the bank is going to pay the

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developer the full property price in

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usually seven installments during the

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construction period as the bank

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continues to pay the developer your

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interest payments are going to gradually

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increase until eventually the property

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will be finished the full loan will be

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paid out and you'll move into your

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property begin paying your full monthly

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rate now let me take a step back here

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because after you sign your notary

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appointment the second process that the

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notary is going to start is updating the

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land register to give the bank Security

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on the mortgage now in case it's not

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completed in time and the seller is

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pushing you to pay the loan out as fast

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as possible but you can't do that

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because unfortunately the documents

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haven't been updated well the notary can

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issue a confirmation that this process

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is undergoing and using that

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confirmation the bank can get the

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confidence that they need to pay the

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loan out the key to having a smooth

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payout is communication keep in mind

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there are so many people involved

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there's the lottery the real estate

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agent the seller of the property

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everyone's trying to make sure your

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payout goes smly which means everybody

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has to be on the same page make sure

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that it's clear for everybody Which

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documents are still outstanding and what

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payout requirements are still

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missing as a Hef customer your mortgage

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adviser is going to bear with you

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throughout the whole process to make

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sure you have no unanswered questions

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and that you're supported during every

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stage of the process to ensure a smooth

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payout that's all for today's video if

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you enjoy it and found this content

8:00

helpful please like comment and

8:02

subscribe as always it really helps and

8:05

we look forward to seeing you next

8:16

time

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