Author(s): Andrew Crossley

Personal Finance

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.