The gap between the average variable interest rate and lowest variable rate on Finder, a comparison website, was 1.57 percentage points in early March, while the gap between the average and lowest fixed rate was 1.37 percentage points. It is very important to note that interest rate comparisons are not always equal, and some loans [...]
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 [...]
Australians purchased 5.3% more new homes in February than the month before, according to the Housing Industry Association (HIA). However, HIA chief economist Tim Reardon said this increase was off a “very low” base. Based on the number of new homes being approved for construction and purchased, he forecast there would be a decade-low [...]
If you applied for a home loan in the current financial environment , your lender would probably assess your application in the context of both your credit score and your credit history – on top of your income, assets, liabilities and living expenses. Your credit score is a number calculated by a credit-reporting agency, which [...]
Tungsten Home Loans Gold Coast swept the pool at the 2017 PLAN Australia Awards. Brad Quilty was again inducted into the Excellence in Finance Gold category for excellence as a Mortgage Broker. Micarla Quilty took out the Administrator of the Year Award, the second time in 3 years. And finally the business as a whole [...]
Today marks 2 years since Tungsten Home Loans officially began trading, with our own Australian Credit Licence and our own unique identity. In that time we have helped more than 250 individuals and families to buy a home, buy an investment property, get a better deal on a home loan or just get [...]