While the industry is complicated, the majority of lenders follow a similar path to approve a loan. This book has been developed to assist you in understanding, at a basic level, the process of getting a home loan. Understanding the complex market is not easy such a wide choice of different loan products can at times make a decision harder. It’s often the biggest financial commitment you will make you will most likely still be repaying your home loan well into your working life, and in some cases after. Loan terms available now are generally thirty years or greater. Getting and repaying a home loan is a major part of the average person’s life.
Make sure you get the flexibility you need without paying for what you don’t need.Understand what loan features are available and what they offer you.Know what to expect after you take out a loan.Know what your legal rights are and what you should do if you find yourself in trouble.Access better lending products that offer you the opportunity to build your wealth.Save time by not stumbling through the loan application process.Having an understanding about this complex industry can help you:
You don’t need to understand the lending industry to benefit from this book. The lending industry is wide-ranging, including major banks, branchless banks, regional banks, building societies, non-bank lenders, and credit unions, providing a massive number of different loans to individuals and businesses. Thank you for respecting the hard work of this author.Ĭhapter 2 - Before you start looking for a new home loanĬhapter 3 - Comparing lenders and key loan featuresĬhapter 6 - The lending life cycle stagesĬhapter 8 - Credit assessment and approvalĬhapter 9 - Settlement and loan managementĬhapter 11 - Alternative ways to get onto the property ladderĪustralia has one of the world’s most competitive lending industries, offering you genuine choice. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to and purchase your own copy. If you would like to share this book with another person, please purchase an additional copy for each recipient. This ebook may not be re-sold or given away to other people. This ebook is licensed for your personal enjoyment only. It also provides information on managing your new home loan, including what to do when you miss a payment. This book will simplify the home loan application process and could literally save you thousands over the course of your mortgage. This book is easy to read and to navigate, so all the information you will need is at your fingertips, no matter where you open it. The Loan Arranger Guide is informative and user friendly and written in plain English. This book is essential reading for all those wondering about borrowing money in Australia - how it all works and how to stay out of trouble.
A no nonsense guide to understanding the lending process, products and features, so you the consumer, can get the best deal! Are you a first home buyer? Are you shopping around for a new home loan? Are you thinking of using a Mortgage Broker? Are you interested in understanding all of the different types of lenders and loans that are available? If you answered ‘yes’ to any of these questions, The Loan Arranger Guide is for you.