Higher interest rates make it harder for borrowers to qualify for larger loans or even loans of any size. That's because for every increase of 0.50 percentage points in interest rates, the average person's borrowing capacity falls by about 5%, according to PropTrack senior economist Paul Ryan. Since 2022, the Reserve Bank of Australia [...]
There’s a lot more to a home loan than just the interest rate. The features of the loan can also have a big impact on your total mortgage costs and repayment flexibility, which is why it’s important to understand the potential benefits of a redraw facility and an offset account. It is no secret that [...]
The average borrower is taking out a $636,209 home loan, with loan sizes ranging significantly in specific states, based on mortgage data from the Australian Bureau of Statistics. Check out the chart below for the figures: Regardless of whether your mortgage is higher or lower than these figures, you probably want to reduce your loan [...]
The federal government has allocated another 50,000 places across Australia to its Home Guarantee Scheme (HGS) for the 2024-25 financial year. That includes 35,000 places for the First Home Guarantee and 10,000 for the Regional First Home Buyer Guarantee. Under the first program, the government supports eligible first home buyers to purchase a property [...]
While it’s often said you need a 20% deposit to qualify for a home loan, a significant number of borrowers are securing mortgages with smaller deposits, according to the latest data from APRA, the banking regulator. In the March 2024 quarter, 31.0% of new home loans (by value) had deposits of less than 20%, [...]
Just a quick update on our movements for this year. In early 2019, Micarla and I decided that we wanted to get out and around Australia in a caravan to show our many kids the great country that we have. That dream was halted in early 2020, just a few weeks before departure, due to the [...]
Brad Quilty has been recognised in 2020 among the best of the best mortgage brokers at the PLAN Australia Awards night in Brisbane's Fortitude Valley on November 19th. Achieving the Excellence in Finance Gold standard. It is a great achievement and again shows that Tungsten Home Loans is always On Your Side!
Tungsten Home Loans has outperformed their peers by winning 2 categories at the 2020 Better Business Awards at the Hilton, Brisbane on March 5th. Kicking off the night, THL was awarded the Best Regional Office beating a host of big name finalists, before then also securing Best Regional Broker against a number of Mortgage Brokers [...]
We proudly announce that we are finalists in 2 categories at the 2020 Better Business Awards. Best Regional Broker and Best Regional Office. The winners will be announced at a ceremony at the Hilton in Brisbane on the 5th March. It is a fantastic recognition of our mortgage broking work on both the Gold Coast [...]
Tungsten Home Loans is proud to announce that we have gained National industry recognition in 2019, being named a Finalist in the Australian Mortgage Awards, Brokerage of the Year – Regional. The Australian Mortgage Awards bring together the Australian industry’s best, recognising brokers and brokerages for their outstanding achievements. Winning an AMA [...]
