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Documentation Checklist

Frequently Asked Questions

Q. Why should I use Finance Future?

A. Finance Future is a one-stop-shop offering total property finance solutions for buyers and sellers of residential and commercial real estate through our highly experienced MFAA accredited Finance Specialists. Our Finance Specialists have access to the latest rates, features and special offers on a wide range of financial products (including loans for non-conforming and credit impaired borrowers) that are available through our panel major lenders. Our friendly and professional Loan Consultants provide a convenient, mobile service that will come to you, at a time that suits you.

Q. How much will it cost me?

A. Finance Future is a no obligation, FREE service as we are remunerated by the lenders. If you're not sure about the competitiveness of your current loan you can arrange an obligation free appointment for an initial chat so we can do what is known as a 'health check' on your mortgage to ensure that your current home loan, or investment loan, is and will remain structured to your advantage.

Q. How much can I borrow?

A. Each lender has their own lending policies and individual criteria and will therefore calculate the amount they will lend you differently. As a result, some lenders may allow you to borrow more than others. Your Finance Future Loan Consultant will be able to show you the maximum you can borrow from each lender.

Q. Who's best to borrow through?

A. As there is not one lender that is 'better' than the others, your Finance Future Finance Specialist can help you make an informed decision about which is the most suitable loan and lender for you. Finance Future is a single source of access to a wide range of major property lenders who deliver competitive loan products, including the major banks, regional and specialist banks and non-bank lenders.

Q. How many years will it take to repay my loan?

A. This will vary depending on the type of loan you choose. We can, however, show you ways to reduce your loan repayment time by making additional payments (depending on your circumstances). This could be as simple as making fortnightly repayments rather than monthly ones. A Finance Future Finance Specialist will be able to take you through the different loan types and explain the impact of different repayments options.

Q. What assistance can I get as a First Home Buyer?

A. There are a number of state and federal schemes available to eligible first home buyers to assist them in purchasing their first home. More details on state and federal assistance can be found at Your Finance Future Finance Specialist can also explain what you may be eligible for.

Q. What type of finance can you offer me?

A. We offer a wide range of finance options that cover all sorts of different situations. For example, many lenders can provide pre-approval for borrowers (subject to certain conditions) to speed up the process of finding a property to purchase or negotiation on a property you want. Relocation loans are available for people who want to purchase a new home before selling their existing property. While family equity loans are designed to help first home buyers enter the property market with guarantors for security. Again, your friendly and knowledgeable Finance Future Finance Specialist can explain the options.

Q. What is the best interest rate for me?

A. This depends on a number of factors because in most cases there's more to a loan than just the rate. Your Finance Future Loan Consultant can talk you through a variety of product comparison rates and features available through our panel of lenders to help find the best overall loan package for you and your circumstances.

Q. Can you arrange finance for investors living in Australia or overseas?

A. Yes. Some lenders will offer finance for these types of transactions under a policy known as Absentee Investors. The amount that they will lend and the lending conditions and criteria that apply vary between lenders. Ask your Finance Future Finance Specialist to assess your situation and needs.

Q. What if I can't get to your office during business hours?

A. You don't need to. One of our Finance Specialists will come to your home, at a time that is suitable to you, to discuss the finance options available to you.

Q. Will my personal details stay personal?

A. Any details you provide to Finance Future remain private and confidential. View our privacy policy here.

Q. What is mortgage insurance?

A. Mortgage Insurance allows borrowers to buy their homes with a smaller deposit than would normally be required. Mortgage Insurance covers a lender in the event of a borrower defaulting on their loan. This type of insurance does not protect the borrower and should not be confused with Mortgage Protection Insurance.

Q. What is the best way to go...fixed or variable interest?

A. There is no right answer to this question. Historically, a basic variable rate loan has been the best option but with suggestions of rate rises in the future, a mixture of fixed and variable may suit your needs. Your Finance Future Loan Consultant will be able to talk you through all the advantages and disadvantages of each type of loan.

Q. What documentation will I need?

A. All lenders require a number of documents to support your application. The exact number of documents you need to present depends on the type and purpose of your loan - you may need to present all, or some of the following:

Lender requirements may vary depending on the type of loan for which you are applying. Lo doc Loans may require less documentation than specified above. For more information please ask your Finance Future Loan Consultant. To further assist you we have prepared a document checklist. It is available to download in the 'Downloads' section at the top of this page.

Q. How do I get started?

A. Call our office nowon 07 5593 4888 or use our handy contact form available here.