Tom and Khali Wilson

A young couple saved $32,000 oFF their mortgage and put themselves in a position to pay oFF their home two years earlier than expected.

“Our friends told us that we shouldn’t do this, our parents told us to forget about investing and just work hard. We had heard so many horror stories but somehow, had never managed to find all the success stories around. I guess our minds were just looking the bad and not the good. After we met the team at Wealth For Life Mortgage Solutions we couldn’t believe how easy this process actually was. The changes we had to make were quite small but the results were enormous. We could never have done this without the support and encouragement of Wealth For Life.”

Tom and Khali Wilson
Investors and Clients

Tom and Khali Wilson, both aged 31 with one child, they were keen to understand how to safely invest in property. Tom works as an engineer whilst Khali Wilson works in the communications industry.

They were cautious about taking on more debt and wanted to ensure that their family home in the suburb of Reservoir was not put at risk.

We sat down with them and we looked at lending options, running some revenue modelling and potential monthly repayment figures. 

The thing that they were most curious about was how to invest in property without it effecting their lifestyle and how to set up buffers and safety nets. 

We assisted with locating a $520,000 property with rental income of $470 per week. We structured everything so they were actually now ahead by an extra $90 per week after tax. We directed this extra income into the loan on their home meaning they would be mortgage free just over two years earlier and save over $32,000 in interest payments. This is on top of the capital growth in the investment property over the coming years. 

Investment Purchase: Positive cash flow after tax
Rental income: $90 per week positive cash flow after tax
Outcome: Using the savings as extra repayments on their house would pay their loan off in just 2 years
Savings: $32,000 in interest and payments.