Mortgages Made Easy

Mortgages Made Easy is the definitive guide to getting the optimal mortgage for your home or investment property purchase. Bestselling author, mortgage broker, and financial advisor Bruce Brammall, aka Debt Man, walks you through the process in his trademark style, giving you all the information you need to buy a property and finance it right. Success in real estate is as much about having the right debt structure as it is about buying quality property, and this book shows you how to build the financial fortification that is critical to your long-term security. You'll learn how to set yourself up for success before you even begin to house hunt, and how to approach investment properties differently from your own home purchase. Brammall guides you step by step through the loan and purchase, equipping you with the knowledge you need to make your property work in your favor.

Property and debt are inseparable in the beginning, but what most people don't know is that accruing debt correctly plays a crucial role in the financial success of the property. This book explains it all, with practical advice and guidance throughout the process.

• Learn why debt is necessary and property is so popular
• Navigate the big choices that buying property entails
• Discover the critical differences between homes and investment properties
• Get mortgage-ready and examine loan structure options

Given his qualifications, Brammall intrinsically understands the point where property, debt, and investment intersect, as well as their broader role in your wealth-creation plans. Your home is your castle, and a major part of your future security – it's important to set it up right. For savvy advice from an expert perspective, Mortgages Made Easy is the property buyer's mortgage manual.

Assumptions and Disclaimers vi

About the Author vii

Acknowledgements xi

Introduction xv

1 Debt — the grease that oils the property wheel 1

2 Why property is so popular 11

3 Getting mortgage fit 27

4 The loan ranger — understanding mortgages 49

5 Home — buying the ‘Great Australian Dream’ 77

6 Investment property — building your wealth 99

7 Structuring your loans 131

8 And now for the property purchase 161

Bringing it all home 177

Index 181

BRUCE BRAMMALL is the best-selling author of Debt Man Walking (and many other titles on property investment) and a nationally syndicated personal finance columnist. Bruce is a leading mortgage broker and financial adviser and the managing director of Bruce Brammall Financial. He is also a successful property investor.

LEARN TO LOVE YOUR MORTGAGE!

Property and debt go together like fish and chips, but many Australians don't realise how important the right mortgage is to a property's financial success. When it's time to make a deal, the right debt structure is as critical as the quality of the real estate.

Mortgages Made Easy shows you the 8 steps you need to effectively structure and use debt to purchase a home or investment property. In his trademark reader-friendly style, best-selling author Bruce Brammall tells you how to get the right mortgage and make it work for you.

This is your must-read book on mortgages. Inside you'll learn:

• how to choose the best mortgage for your particular situation
• why the right debt can improve your property purchase
• how to start thinking like a property investor
• what you must know for the purchase process
• how to structure your loans to maximum financial advantage.

Debt is simply a tool, and Mortgages Made Easy will help you wield it like an expert to make your dream of property ownership and wealth creation a reality…sooner.