Smart Borrower's Handbook (2nd Edition)

Interest is the single largest lifetime expense for investors. The amount of borrowings investors carry affects their net worth and their cash flow and can make or break their retirement goals.  Getting their borrowing right and structuring their investments correctly can save a considerable amount of money – often well over $10,000 per year.

Smart Borrower’s Handbook 2nd Edition has been fully revised and updated following the Global Financial Crisis. It contains invaluable information on:

•            Choosing the right loan products

•            How much to borrow and how to reduce the overall cost

•            Structuring loans to manage cash flow and create wealth

•            Making the most of your equity

•            Borrowing for self managed super funds.

Stuart Wemyss is the founder of ProSolution Private Clients, a boutique financial services firm established in 2002. Stuart is regularly published in the business press and provides expert media comment on property finance.

Contents

Preface vii

Chapter 1 Why you need this book 1

Chapter 2 The players 9

Chapter 3 How much can I borrow? 35

Chapter 4 Perusing the products 61

Chapter 5 Structuring your loan portfolio 87

Chapter 6 Structuring options for investors 117

Chapter 7 Super borrowing 127

Chapter 8 Tax matters 145

Chapter 9 Leverage and lenders’ mortgage insurance 169

Chapter 10 Battling bank valuations 181

Chapter 11 Borrowing buddies 191

Chapter 12 Developing a financing strategy 199

Chapter 13 Considering commercial finance 219

Chapter 14 Low-doc loans – what’s the deal? 231

Chapter 15 Mortgage or margin lending? 237

Chapter 16 Credit policies 245

Glossary 251

Index 257