Get a Second Opinion Before You Sign: Lifting the Curtain on Lending Practices & the Australian Financial Services Industry

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Archway Publishing, Jun 9, 2017 - Business & Economics - 196 pages

Australians who want to apply for a mortgage or obtain a commercial loan have more to worry about than paperwork, they must also contend with predatory lending practices. While the calls for a royal commission to investigate these practices continue to get louder, for now, those seeking private funding remain woefully unprotected.

Shane Reynolds, who has been involved in Australia’s finance industry for almost two decades examines these predatory lending practices, how to protect yourself and provides the reader with peace of mind in times of uncertainty.

Written for both the consumer and finance practitioner the author also explains the essential elements in the preparation of a mortgage application, the process for successfully obtaining a commercial loan, hiring professional assistance and dealing with related legal problems.

If the past is any indication, lenders and the financial services industry will continue to take advantage of borrowers. Know their tricks, protect investments and maximize wealth with the lessons in Get a Second Opinion before You Sign.

“Many borrowers face the challenge today of selecting their broker, the FBAA is the finance industry partner of choice for the finance professional, make sure your broker is FBAA accredited.” - Peter White, Executive Director, Finance Brokers Association of Australia Limited”


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Great book on commercial finance very easy to read and interesting content. Well done to the author for identifying an important topic and bringing awareness to the industry. Will share with my colleagues in finance.

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Financial belief systems
The impact on the GFC and Australian banks
Predatory lending explained
History of predatory lending in Australia
Royal Commission into the finance industry
The Australian lending industry explained
Legislative controls
Preparing your application
Broker agreements explained hidden fees
Caveat clauses and PPSR charges
Document checklist
Project Management building contracts and the feasibility
The valuationquantity surveyor process
Presale covenants
Private lending products LVRs

Find a good solicitorDoyles guide
Find a good Accountant
Selecting a professional broker
Deal shopping
Bridging loans
Construction loans
Mezzanine funding
Preferred equity transactions

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About the author (2017)

Shane Reynolds is an Australian born entrepreneur, motivational author and educator. Reynolds was inspired by Louise Hay and has authored several New Thought self-help and financial books. Reynolds later became licensed by Hay House and authorised by Louise Hay to continue teaching her philosophy.

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