FAQ

Frequently Asked Questions

How quickly can I obtain loan funds?

Australian Mortgage Finance has an alliance with its affiliate where loan funds can be advanced within 24 hours of application, on an interim basis, whilst valuations and other pre-requists of AMF are processed.

Will Australian Mortgage Finance lend money for any purpose?

The funds must be used predominantly (more than 50%) for ANY business or investment purpose other than personal residential investment. The funds can be used to:

• Purchase a business
• Buy new plant or equipment
• Buy stock
• Pay tax or other work related expenses eg. wages, legal fees, advertising etc
• Business repairs and maintenance
• Working capital
• Council approvals/Head works
• Bridging the unexpected "gap"
• Fund a commercial or industrial property purchase where the bank cannot settle in time.
• Fund a residential investment property purchase where the property is to be owned in a trust or company name.

There is no limit to the possible uses of funds from Australian Mortgage Finance.

What security is required?

We lend on first and second mortgages on real estate.

Why would someone use Australian Mortgage Finance and not one of the Banks for a business loan?

People come to Australian Mortgage Finance because we do not require documentation required by other lenders. We do not require financials, tax returns and credit checks. We are a low-doc lender that examines each borrower individually and looks at the viabilty of the loan and the exit strategy of the borrower. This is not influenced by past performamce.

Our loans are typically for 12 months and this period gives the borrower time to prepare the documentation and records required by other banks.

Can I capitalize the interest ?

Yes. We are always flexible to meet your requirements.

What application forms do I have to fill in?

You need to fill out a Short Business or Investment Application Form.

Do I need a business plan or tax returns?

No. At Australian Mortgage Finance we do not require individuals, companies, trusts or partnerships to provide us with a business plan or tax returns. All we require is an acceptable purpose, acceptable exit and acceptable security. 

Are there any application or other up-front fees?

Yes, you are required to pay the valuation fee. Other fees can be capitalised into the loan.

Do I have to pay a valuation fee?

Before a valuation is ordered then the borrower must pay for this service.

What is the length of time of a Australian Mortgage Finance loan?

Our loan terms range from 6 months to 24 months.

Does Australian Mortgage Finance pay a commission to referring parties?

Yes.

Is Australian Mortgage Finance a Broker for other banks or financial institutions?

No. We are an affiliate of a registered mortgage fund, Australian Mortgage Fund. That is why we are so fast (and so friendly).