Smart Borrower's Handbook

Introduction

Smart Borrower's Handbook is an essential guide for anyone that plans to use mortgage finance.

It provides readers with essential information about the mortgage industry players and products – who's best to use, why and when. It reveals many unknown loan structuring techniques which maximise the borrowers flexibility, tax planning benefits and minimises risks and costs.

The Smart Borrower's Handbook is a fantastic reference book which borrowers can refer to throughout their borrowing life. Following the advice contained in the book ensures you'll structure your debt portfolio effectively which is bound to save you thousands of dollars in interest and tax!

And... you'll end up being more knowledgeable about lending than the bank manager!

About the author

Stuart Wemyss is the founder of ProSolution Private Clients, a boutique mortgage broking firm for high net worth individuals which was established in late 2002. Before founding ProSolution Private Clients, he worked in the Chartered Accounting profession for over five years. He worked for two of the Big 4 international Chartered Accounting firms in KPMG and Deloitte Corporate Finance.

Stuart regularly writes for the Australian Property Investor magazine and provides expert commentary in the media (e.g. The Australian, Australian Financial Review, A Current Affair). He regularly presents on property finance at seminars.

Stuart is a keen property investor and is married with two young twin boys.

Description of contents

Chapter One

The Players – all about the different types of lenders in Australia and their strengths and weaknesses.

Chapter Two

How much can I borrow – discusses how banks measure your borrowing capacity, how you should determine your own borrowing capacity and what to do if you run into trouble.

Chapter Three

Perusing the products – highlights the different types of products plus when and how to use them.

Chapter Four

Structure right and save – all about loan structuring. You think this is simple, right? Wrong! It is easy to get wrong and it will cost you dearly!

Chapter Five

Tax matters – tax certainly matters and we'll tell you the ins and outs.

Chapter Six

Leverage and lender's mortgage insurance – I'll lift the lid on the pros and cons of borrowing more than 80%, if it's worthwhile and how to minimize the cost.

Chapter Seven

Battling bank valuations – bank valuations are a common source of frustration. Knowing more about them will help you play the banks game.

Chapter Eight

Borrowing buddies – ever thought of buying a property with a friend? Don't do it until you've read this chapter!

Chapter Nine

Considering commercial finance – a good overview of commercial finance and how it differs.

Chapter Ten

Low doc/no doc, what's the difference – what they are and when to use them.

Chapter Eleven

Mortgage or margin lending – a topical subject at the moment! To use mortgages or margin loans to finance the purchase of shares – the pros and cons.

Chapter Twelve

Equity equals opportunity – the power of building equity can never be underestimated. Here's how you use it effectively.

Chapter Thirteen

Credit policies – a list of credit policies and restrictions. This is worth the price of the book alone.

“

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This excellent book provides an insider's guide to the secret workings of the banking and finance industry. It's compulsory reading for every personal and investment borrower. I particularly like all of Chapter 7.
– Steve McKnight, Best selling author & Founder of PropertyInvesting.com

Don't borrow money until reading this book.
– Monique Wakelin, Author of Streets Ahead

A revealing insight into how lenders operate that will change the way investors do business. A worthwhile read for borrowers in easy-to-understand language with useful tips and examples to help them fast track their wealth safely.
– Eynas Brodie, Editor of Australian Property Investor magazine