Ashley Ormond - Fast Money: Conquer Your Mortgage

Contents

First published in 2013 John Wiley & Sons Australia Ltd

42 McDougall Street, Milton Qld 4064

Office also in Melbourne

The moral rights of the author have been asserted

Fast Money: Conquer Your Mortgage Ashley Ormond 2013

Excerpts taken from 101 Ways to Get Out of Debt and on the Road to Wealth, first published 2009 by Wrightbooks, an imprint of John Wiley & Sons Australia, Ltd

National Library of Australia Cataloguing-in-Publication entry:

Author: Ormond, Ashley.

Title: Conquer your mortgage [electronic resource] / Ashley Ormond.

ISBN: 9781118612996 (ebook)
9781118612989 (ebook: Kindle)

Series: Fast money.

Subjects: Mortgage loansAustralia

Finance, PersonalAustralia.

Dewey number: 332.7220994

All rights reserved. Except as permitted under the Australian Copyright Act 1968 (for example, a fair dealing for the purposes of study, research, criticism or review), no part of this book may be reproduced, stored in a retrieval system, communicated or transmitted in any form or by any means without prior written permission. All enquiries should be made to the publisher at the address above.

Disclaimer: The material in this publication is of the nature of general comment only, and does not represent professional advice. It is not intended to provide specific guidance for particular circumstances and it should not be relied on as the basis for any decision to take action or not take action on any matter which it covers. Readers should obtain professional advice where appropriate, before making any such decision. To the maximum extent permitted by law, the author and publisher disclaim all responsibility and liability to any person, arising directly or indirectly from any person taking or not taking action based on the information in this publication.

About the author

Ashley Ormond was one of Australias first PC-equipped mobile lenders, starting out in the early 1980s with a financial calculator, a dual-floppy drive Compaq portable PC and a portable Epson thermal printer in his car. This was before the age of mobile phones, the internet, Windows, Excel, or even hard drives. It was back in the days when:

• lenders actually analysed each borrowers ability to repay
• borrowers actually had to have a job or other source of income
• borrowers actually had to have proof of a savings record, proof of income, proof of assets
• lenders had to actually think about how each debt would be repaid, instead of just shovelling money out the door
• lenders actually retained the credit risk and retained the ownership of loans, instead of just selling them to unsuspecting bond-holders on the other side of the world.

His banking and finance career included several senior executive roles at major Australian and international banking and finance groups, including running branch networks, lending operations, product development, pricing and financial control. His formal qualifications include a Bachelor and Masters in Law, a Bachelor of Arts in Economic History and a Graduate Diploma in Applied Finance and Investment. He has also lectured for the Securities Institute of Australia. Since retiring at 40, he has been a director of several companies, including listed, private and not-for-profit companies and a charitable foundation.

Ashley is the principal of Investing 101 Pty Ltd, a specialist investment research firm that holds an Australian Financial Services Licence. He is a sought-after speaker and commentator on financial markets and has written two best-selling books on finance: How to Give Your Kids $1 Million Each! and $1 Million for Life.

Ashley lives in Sydney with his wife and two children. He may be contacted at . Visit his website for access to newsletters, updates and other useful articles: < www.investing101.com.au >.