Ah, the mortgage. It's a financial tool that provides us with the comforts of home ownership - yet keeps us awake at night. Rent may well have been considered 'dead money', but there's nothing deader than mortgage interest. Paying hundreds of thousands of dollars to a mortgage provider over the life of a loan can feel positively zombie-like, with mortgage debt rising up to bite you at the turn of a Reserve Bank interest rate hike or a change in circumstances (think death, divorce or delivering babies). Mortgage Stressbusters contains property and financing secrets to save time, money and heartache. There are also plenty of property wealth tips to get you on the right path to successful home ownership and investing. Buying our own home is a dream that's alive and well but increasingly out of reach as housing affordability levels skyrocket. The mortgage is still the best way to achieve financial security through home ownership and investment, so it's worth understanding the process, tactics and negotiation strategies to find the right one for your circumstances. Mortgages are merely a means to an ends - a monthly, fortnightly or weekly repayment that ultimately leads to owning a home. The flexibility and choice on offer in the Australian mortgage market means more of us are able to access our home equity (the part of our home we actually own), which gives us two choices - investing or divesting. We can invest by buying more property or shares, or we can divest our home equity by buying a new car, holiday or paying off a credit card. Not surprisingly, more of us are feeling mortgage stress under the weight of debt that is not producing the 'wealth effect' we had hoped for. Finding the right mortgage for your circumstances, creating equity and knowing how to make property wealth work for you are the keys to banishing mortgage stress forever. Written in an accessible Q&A format, with a 'stressbuster' question posed initially and an answer explaining the topic, the main body of the book is written in five sections: Getting on the mortgage merry-go-round; Loan, sweet loan; Playing the property game; Property and mortgage tactics; Creative financing solutions.
ISBN: 9780731409877
ISBN-10: 0731409876
Publisher: John Wiley & Sons Australia, Limited
Format:
Paperback
Language:
English
Audience:
General
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