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Mortgages Made Easy
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Mortgages Made Easy
by Bruce Brammall
Mortgages Made Easy: 8 Steps to Smart Borrowing for Homes and Investment Properties, Australian Edition
Assumptions and disclaimers
Tax and accounting
Assumptions
About the author
Acknowledgements
Introduction
1 Debt — the grease that oils the property wheel
You can't save your way to a home
Homes versus investment properties
So why did you pick up this book?
What's your goal?
Setting your targets
What does getting it right mean?
Debt is a tool … use it properly
And the biggest tools of all …
Delayed gratification — money's golden rule
Property purchasing principles
2 Why property is so popular
Why invest in property?
Two types of property … don't mistake them
Home — the cornerstone of wealth creation
Property success — the three ingredients
Property purchasing principles
3 Getting mortgage fit
Saving a deposit
Putting on a ‘bag of fruit'
Understanding the different types of debt
What banks want — getting your paperwork in order
Odd bank rules — an introduction
Getting pre-approval
Guarantors — security at a price
Understanding stamp duty
First Home Owner's Grant
More costs of purchasing
DIY or mortgage broker?
Property purchasing principles
4 The loan ranger — understanding mortgages
Which bank?
Loans — making the big decisions in the right order
Test your lender — threats, ultimatums and tantrums
Property purchasing principles
5 Home — buying the ‘Great Australian Dream'
Rent … to the death
Why, what and where?
And how much?
The thrill of the chase
Building equity in your home
Trading up — your second and third home
Homes versus investment properties — not the same game
Property purchasing principles
6 Investment property — building your wealth
You need money to make money …
Why is funding investment properties different?
No equity — starting with savings
If you could choose your debt structure …
Buying an investment property before buying a home
Having equity in your own home (or any property)
Maximising investment property loans
Structuring your loan — an introduction
Creating real wealth — building a property portfolio
Diversifying your property portfolio
Coping with huge debt
Negative gearing explained
Geared property in self-managed super funds (SMSFs)
Property purchasing principles
7 Structuring your loans
Ownership — who's on the title?
Structuring debt
Property purchasing principles
8 And now for the property purchase
Before signing the contract
Dealing with real estate agents
Buyer's advocates
Auctions versus private sales
Offer accepted!
Insuring against disaster
Getting ready for settlement
Property purchasing principles
Bringing it all home
Index
Advert
End User License Agreement
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Prev
Previous Chapter
Mortgages Made Easy
Next
Next Chapter
Assumptions and disclaimers
Contents
Assumptions and disclaimers
Tax and accounting
Assumptions
About the author
Acknowledgements
Introduction
1 Debt — the grease that oils the property wheel
You can't save your way to a home
Homes versus investment properties
So why did you pick up this book?
What's your goal?
Setting your targets
What does
getting it right
mean?
Debt is a tool … use it properly
And the biggest tools of all …
Delayed gratification — money's golden rule
Property purchasing principles
2 Why property is so popular
Why invest in property?
Two types of property … don't mistake them
Home — the cornerstone of wealth creation
Property success — the three ingredients
Property purchasing principles
3 Getting mortgage fit
Saving a deposit
Putting on a ‘bag of fruit'
Understanding the different types of debt
What banks want — getting your paperwork in order
Odd bank rules — an introduction
Getting pre-approval
Guarantors — security at a price
Understanding stamp duty
First Home Owner's Grant
More costs of purchasing
DIY or mortgage broker?
Property purchasing principles
4 The loan ranger — understanding mortgages
Which bank?
Loans — making the big decisions in the right order
Test your lender — threats, ultimatums and tantrums
Property purchasing principles
5 Home — buying the ‘Great Australian Dream'
Rent … to the death
Why, what and where?
And how much?
The thrill of the chase
Building equity in your home
Trading up — your second and third home
Homes versus investment properties — not the same game
Property purchasing principles
6 Investment property — building your wealth
You need money to make money …
Why is funding investment properties different?
No equity — starting with savings
If you could choose your debt structure …
Buying an investment property before buying a home
Having equity in your own home (or any property)
Maximising investment property loans
Structuring your loan — an introduction
Creating real wealth — building a property portfolio
Diversifying your property portfolio
Coping with huge debt
Negative gearing explained
Geared property in self-managed super funds (SMSFs)
Property purchasing principles
7 Structuring your loans
Ownership — who's on the title?
Structuring debt
Property purchasing principles
8 And now for the property purchase
Before signing the contract
Dealing with real estate agents
Buyer's advocates
Auctions versus private sales
Offer accepted!
Insuring against disaster
Getting ready for settlement
Property purchasing principles
Bringing it all home
Index
Advert
End User License Agreement
List of Tables
Chapter 2
Table 2.1
Chapter 4
Table 4.1
Table 4.2
Table 4.3
Table 4.4
Chapter 6
Table 6.1
Table 6.2
Chapter 7
Table 7.1
Table 7.2
List of Illustrations
Chapter 2
Figure 2.1
: how property creates wealth — homebuyers
Figure 2.2
: how property creates wealth — investors
Chapter 4
Figure 4.1
: principal and interest loan amortisation
Figure 4.2
: how offset accounts save you money
Chapter 5
Figure 5.1
: two scenarios — keeping your old home, and selling it and buying a new investment property
Chapter 6
Figure 6.1
: all debt non-deductible
Figure 6.2
: half deductible, half non-deductible
Figure 6.3
: all debt deductible
Figure 6.4
: building a portfolio
Chapter 7
Figure 7.1
: setting up your offset account
Figure 7.2
: setting up your offset account for multiple loans
Figure 7.3
: setting up your offset account for a property portfolio
Figure 7.4
: an example of cross-collateralisation
Guide
Cover
Table of Contents
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