Having a broker and a solicitor do the heavy lifting for you is probably one of the smartest ways to acquire a property. The reason for this is that they have the knowledge and the network to help facilitate the process for you. However, it would also be a good idea for you to review your contract even when you're working with professionals. That way, you can be sure that you get everything that you requested prior to signing it.
You don't have to know every detail in the contract, as some are fairly standard. However, you still need to take a closer look at the specific details, such as:
If you're happy with the details of the contract, you need to sign and send it to the solicitor of the lender. You have 21 days from the time you receive the offer to do this. You can use your own solicitor to facilitate the process for you.
However, if there are details that you wish to change, talk to your lender about it. From there, you could draw up a new contract with details that you will agree on. If you cannot convince the lender to change the details of the contract, you might have to consider looking for a better deal somewhere else. Keep in mind though that the process of getting financing from another lender would take some time again.
Here at Rate Detective, our professional advisors could help you find the right deal for you. They will provide you with a rate comparison of Australia's top lenders, so you can pick a deal that fits your needs and your budget.