What is the Importance of a Borrowing Strategy? (with David Johnston)

Most people need to borrow money when buying their first home. So
is it really important to have a strategy as soon as you plan on
getting one, or should you wait until you have the funds to
start?


In this episode, Founder and Managing Director of Property
Planning Australia, David Johnston, joins us as we dive into
borrowing strategy, discuss the important things all first home
buyers need to know (that they often don’t) before approaching
mortgage brokers, and why setting up a borrowing strategy early
on is so essential. 


Tune in to the episode and we’ll see you on the inside!


 


Episode Highlights:
What is a borrowing strategy? [02:26]
Important things first time buyers need to think about before
approaching Property Planning [04:08] What do
rent-vestors need to consider that owner-occupiers don’t need to
worry about? [05:19] What if you intend to make
your first home a future investment? [09:17] Why
interest rates aren’t something you should focus on
[13:54] Avoidable mistakes that first home buyers
commonly make [19:50] Are online lenders risky?
[21:20] What brokers offer that going directly to
a bank don’t [24:30] How can FHBs make themselves
more attractive as a mortgage customer? [30:43]
David’s overall advice for first time home buyers
[33:54]

 


About David:


David Johnston is the Founder and Managing
Director of Property Planning Australia and author of ‘How to
Succeed with Property to Create your Ideal Lifestyle’ and
“Property for Life - Using Property to Plan Your Financial
Future”. Property Planning Australia was established in 2004,
which was born out of David’s vision to help all Australians make
successful property, mortgage strategy and money management
decisions.


 


Link/s from the show:


Property Planning Australia
(https://propertyplanning.com.au/)

David’s Domain articles:

Five mortgage strategies that can grow your wealth

How to turn your first home into an investment property
when upgrading

Four critical mortgage offset strategies!



Property Planning Australia’s Mortgage Strategy 101 Youtube
series

Property Planning Australia’s mortgage strategy and money
management podcasts:

Ep 40 - Offset accounts - God's gift to Mortgage
Strategy!

Ep 34 - No mortgage strategy – No.4 of the top 7 Critical
Mistakes

Ep 30 - Money Management – 7 steps to success

Ep 24 - How mortgage strategy shapes your ability to hold
property and how it can pay off for decades to come

Ep 9 - Why your mortgage strategy is more important than
your interest rate





 


Connect With Us:


Home Buyer Academy Website
(https://www.homebuyeracademy.com.au/)



 


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