Are you a first home buyer in Australia? If so, you've probably heard the mantra: "Save up 20% for a deposit to avoid the dreaded lender's mortgage insurance." But here's the thing – lender's mortgage insurance, or LMI, might not be the enemy it's made out to be.

Contrary to popular belief, LMI isn't a dirty term. Join us as we sit down with Strachan Taylor, a respected expert from Helia, to explore the lesser-known side of LMI that could actually expand your horizons when it comes to purchasing your dream home.

It's easy to be skeptical about paying more money for insurance that seemingly doesn't directly benefit you. However, as we unravel the layers of LMI, you'll discover how it can be a strategic tool rather than an unnecessary burden.

Join us for an insightful conversation that might just change the way you think about lender's mortgage insurance. Your path to homeownership doesn't have to be limited – it could be more accessible than you ever imagined.

Episode Highlights:
00:00 - Introduction
02:33 - Meighan's special house of the week
03:48 - What is LMI (Lender's Mortgage Insurance)?
08:18 - What role does LMI play in rapidly rising property markets?
10:23 - How has the role of lenders and mortgage insurance providers changed?
12:58 - What is the cost of the lender's mortgage insurance?
14:33 - 3 alternative options for first home buyers to enter the market with less than 20%
17:26 - What is the cost of LMI for a $900,000 property with a 5% deposit?
21:20 - Why is a long-term perspective required when entering the property market?
24:24 - The importance of surrounding yourself with property experts
28:46 - Capital growth vs equity
31:21 - Advice for first time buyers looking to buy a property
38:02 - What Strachan wishes he knew as a first home buyer
About Our Guest:

➼ Strachan Taylor serves as Helia's Strategic Partnership Leader, where he spearheads a dynamic partnership team dedicated to collaborating closely with lender customers in pursuit of helping more Australians achieve financial security through home ownership, expedited by LMI solutions. With a comprehensive skill set encompassing team leadership, communication, and business development, Strachan brings tertiary-level qualifications and extensive expertise in sales, marketing, distribution, and risk management to the helm, constantly striving to enhance risk and capital management solutions and provide valuable market insights for Helia's customers to bolster their risk-writing capabilities.

Connect with Strachan Taylor:

➼ Visit their company website:

➼ Follow Strachan on LinkedIn:

Resources mentioned in this episode:

➼ Deposit Comparison Estimator

➼ The long game ... 30 years of housing values

➼ FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt 

➼ Learn how to buy property without making a mistake with our 10-step online course for first time home buyers

➼ Looking for a Sydney Buyers Agent?

➼ Work with Veronica:

➼ Looking for a Brisbane Buyers Agent?
➼ If you have any questions or would like to be featured on our show, contact us at: [email protected]
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How ready are you to buy your first home?

Veronica Morgan & Meighan Wells 

Veronica & Meighan are both licensed real estate agents who exclusively help buyers. Together they have nearly 40 years experience as property professionals.

Veronica is principal of Sydney based Good Deeds Property Buyers and is also co-host of The Elephant in the Room property podcast as well as Location Location Location Australia on Foxtel and author of Auction Ready: how to buy property at auction even though you're scared s#!tless!

Meighan is the multi award winning principal of Brisbane based Property Pursuit, chairperson of the REIQ Buyers Agent Chapter & a regular media commentator.

We are here to guide you through your home buying journey

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