Most first home buyers start their journey by hunting for the lowest interest rate — but according to mortgage strategist Stuart Wemyss, that’s one of the biggest financial mistakes you can make.
In this episode, Veronica and Meighan dive deep with Stuart to unpack the part of home buying almost no one understands properly: your borrowing strategy.
Stuart explains why the way you structure your loan has far more long-term impact than shaving a few points off your rate. From borrowing capacity and offset accounts to tax effectiveness and refinancing, this conversation reveals how your first loan becomes the foundation for every property decision that follows.
You’ll learn why the “cheapest” loan can actually cost you more later, how to preserve your flexibility for future moves, and why thinking ahead to your second and third property is just as important as buying your first. Stuart also breaks down common mistakes first home buyers make — like aggressively paying down their loan, getting stuck with the wrong lender, or failing to plan for life changes — and explains how to avoid them with a smart, forward-thinking strategy.
If you want to buy well, borrow well, and set yourself up for what comes next, this is an episode you don’t want to miss.
Episode Highlights
00:00 – Introduction to Mortgage Strategy
01:20 – Understanding Borrowing Strategy
02:27 – Importance of Finance Strategy
07:37 – Common Mistakes by First Home Buyers
12:37 – Tax Implications and Offset Accounts
14:40 – Rentvesting and Its Benefits
19:41 – Tax-Free Property Sale Strategy
20:23 – Choosing the Right Lender
21:47 – The Importance of Refinancing
25:43 – Navigating Online Lenders
30:10 – The Role of Mortgage Brokers
31:55 – Advice for First Home Buyers
33:37 – Final Thoughts and Practical Tips
Mentions
Course Details:
- THE First Home Buyer Course is our Step-By-Step, No BS Guide to Every Stage of The Home Buying Process – It’s the next best thing to having your own buyer’s agent. With our expert guidance, you’ll know what to do at every step along the way. Become a home owner faster and easier. Click here: https://homebuyeracademy.com.au/YFHBG
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