Borrowing for Investment

Borrowing for Investment

Why invest in property?

With the right finance in place, investing in property can be a fantastic form of long term wealth creation. In Australia, property investment has been seen as a lower risk option to create long term wealth whilst benefiting from the rental return along the way.

How we help

At 40 Forty, we will take the time to educate you on the advantages of property investment and see how it can become part of your overall wealth creation strategy.

Learn more

Tips and traps to buying off the plan

Optimism for first home buyers

Renovate vs moving

Why your mortgage broker is calling you

Is pre-approval that important?

The property has passed in…what happens next?

Let's get started

We're here to help you make exciting decisions.

Loan Refinancing

Could you be getting a better rate?

30 years is a long time to be with the same loan. Switching your loan could get you a better deal. By letting us do the leg work you will save time and could save a lot of money too.

If you’re looking to secure a lower rate, consolidate debt or release the equity you’ve built up in your property, we can help.

Why refinance your loan

Refinance to

Pay off your mortgage faster​

If you’re striving to be mortgage free, there’s a good chance there may be a more appropriate product to meet your needs.

Some mortgage products are designed to motivate borrowers to repay their mortgages quickly, so now is the perfect time to talk to your mortgage broker. A new loan could set you on the road to financial freedom – fast!

Refinance to

Reduce your repayments

Rates and mortgage deals are constantly on the move. To make the most of a competitive mortgage market, you might want to evaluate the loan product you currently have.

For example, you may want to go for a lower variable-rate, or lock into a fixed-rate. Break costs can be expensive though, so you’ll need to check that you’ll come out ahead when all costs are considered.

Refinance to

Consolidate your debts

Consolidating your debts, such as credit cards or personal loans, into your home loan can save you thousands of dollars in interest charges.

Rolling your debts into one monthly or fortnightly repayment can also help make juggling your finances a little easier, while improving your cash flow.

Refinance to

Avoid fees and charges

Some lenders charge a monthly service fee – further adding to your debt.

Competition between lenders has increased and some now waive administration fees, so refinancing your home loan with another provider can be a smart move to help cut your mortgage costs.

You should check with your lender to see if there are applicable break costs before switching loans.

Refinance to

Unlock equity

As you pay off your mortgage you’ll accumulate equity in your home.

As long as you are capable of meeting your loan repayments, refinancing your mortgage can help you tap into the value that you’ve built up, using it for other purposes such as purchasing an investment property.

Refinance to

Peace of mind

Have a mortgage broker health check your exisiting home loan to ensure it’s the right product for you. 

With so many options out there and the market changing so often, we recommend visiting your home loan every two years.

Let's get started

We're here to help you make exciting decisions.

Our 2 cents

Guaranteeing your child’s loan

What benefit does a Buyer’s Agent offer to my property search?

Buying a second property? Consider all options first

Why your mortgage broker is calling you

Buying vs Renting: What is right for you?

How do comparison rates really work?

First Home Buyers

Buying your first home, great news!

Buying your first home will be one of the biggest financial decisions you’ll ever make. It can seem like a daunting task - but we're here with you every step of the way.

And here's how.

The home buying journey

How does the process of buying a home actually work? We’ve broken down into simple steps so you know what you’re doing, when.

Connect with us
The first step will be to connect with us - we'll ask you about your current situation and what you're looking for.
Provide key financial information
Your first challenge is figuring out what you can afford. That’s where we come in. We review your current financial position and educate you on the costs of entering the housing market.

At this point, we'll get some key financial information from you - such as bank account balance(s), existing loans and your salary.
Meet to discuss your options
Once we have all your financial information and understand what you're looking for, we run a search against all lenders to get an indication of your borrowing power. From there, we show yo up to 3 lenders that suit your needs.
Select a lender that suits your needs
Next, you'll decide which lender and lending setup works best for you. We'll help clarify any questions here about loan setup, such as fixed vs variable loans, principal vs principal and interest to ensure you're happy and understand the proposed loan arrangement.
Get pre-approval
Pre-approval is a very important step - obtaining pre-approval ensures you can confidently go property hunting knowing your financial limits.

Once you're comfortable with a particular lender, we will apply for pre-approval.
Purchase a property
When you’re a successful buyer, the rest is simple! We inform the lender, help you to complete all required paperwork and ensure the keys make it into your hands at your settlement date.
Finalise the loan structure
Once you have successfully purchased a property, we'll liaise with your lender and take your loan from pre-approved to approved.
Settle on your property
Once your loan has been approved, your lender will pay the agreed amount to the vendor of the property you're purchasing.

At this point you'll agree with the vendors settlement terms - usually 30, 60 or 90 days from purchase.
Annual catch up to review your position
Once you're in your property, we're still here to help. Each year we'll check in with you and assess how your loan setup is working for you. We'll discuss with you any options that might make your loan better - for example, switching lenders or modifying the loan structure.

Let's get started

We're here to help you make exciting decisions.

Our 2 cents

The property has passed in…what happens next?

Buying a property with friends

Is co-ownership right for you?

Opportunities in a falling property market

What happens on auction day?

How do comparison rates really work?

40 Forty Home Buyers GuideHome buying tips, the borrowing process, how to manage your mortgage and more.