This book equips you with the tools and knowledge to understand how the finance industry works, reasons for the housing affordability crises, what to consider when applying for a residential loan, and who you should use when applying for finance. Covered in detail in this book include lending requirements/considerations, finance institution requirements, how to get a loan, what type of loan you may be eligible for, and finance available for different property types.
There are many hurdles in the finance industry that have emerged recently and will continue to emerge in the short and medium term. It is important you know about these issues in order to be more prepared in tackling them, so hopefully they may become less of an obstacle for you. Some of the issues could be not knowing how to apply for a loan successfully, whether all your income will be used toward servicing the loan on the lenders calculator, differences between lenders calculators to provide the best borrowing capacity, no matter what stage of life you're at, the loan-to-value ratios available, and how living expenses in a lenders eyes are changing.
This insider's guide to the finance industry will thoroughly prepare you to:
• better understand the forces influencing the property and finance industries and how to tackle them
• more successfully apply for finance for your first home or next property
• put in place key factors to positively impact on your loan application
• reduce the risk to the cost of debt and your exposure to debt.
With Property Finance Made Simple, you will be able to keep your bank and mortgage broker more accountable for their advice.
About the Author
Andrew Crossley lives in Melbourne, and is the #1 best-selling and award-winning author of Property Investing Made Simple, the first of three books in the Made Simple series. His previous book won the award for best book in the category of real estate at the 2015 International Book Awards. Andrew has worked in the finance and property industry in Australia for over 11 years, including working for the largest non-bank and the largest mortgage manager during that time, and has worked overseas in private wealth management on several continents, with a total of over 20 years’ experience.
Andrew was a finalist in the Australian Mortgage Awards in 2007/08, 2015 and 2016, and a finalist in the Mortgage Finance Association Awards in 2014, 2015 and 2016. The Australian Property Advisory Group was a finalist in the Australian Small Business Awards of 2016, was highly recommended at the Investor Choice Awards of 2015 in the categories of property investment advisor and buyer’s agent, and was national runner up in the prestigious Reader’s Choice Awards of 2015.