26 September 2023

Property Finance Made Simple

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Reviewed by Rama Gaind.

By Andrew Crossley, Woodslane, $24.99.

Obtaining finance can be an intimidating task at the best of times. So, when it comes to getting a loan to buy your home, how do you ensure that you have the best deal?

Let expert property advisor Crossley lend a helping hand. Just as the sub-title states: How to get the loan you need for the house you want!

Crossley has written a methodical guide to obtaining property finance, empowering readers in any stage of life with the knowledge to make informed decisions.

Rules and regulations around lending are constantly changing, and it’s important you know about these issues to be able to tackle them. They may become less of an obstacle for you.

The top three things that should be done when obtaining finance for a new home is to determine which lender will provide the best product for your needs, do not change jobs and do not shop around for the best rate. Crossley goes into detail about types of property.

Many years of industry experience holds him in good stead. He draws on that to cover topics such as the current lending requirements/considerations, how to get a loan, loan serviceability and borrowing capacity, the various loan-to-value ratios available, types of loans you may be eligible for, and the finance options available for different property types.

This book equips you with the facts and processes to understand how the finance industry works, how to get a loan, what type of loan you may be eligible for (available for different property types), reasons for the housing affordability crises, what to consider when applying for a residential loan and who you should use when applying for finance.

Who is the author of this methodical guide to obtaining property finance? Send your answer to [email protected] by next Monday, 25 June 2018. Names of the winners will be announced in Frank Cassidy’s PS-sssst…! column next week.

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