The promise of open banking is big; a new, simpler way to share your personal financial data between banks, lenders and financial companies. It started on July 1. Here’s how it works and what it means to take back control of your data to get the best rates and offers. Switching banks has long been [...]
Seller expectations are high but buyers want low prices – what’s to be done? Two real estate agents detail how to negotiate in a declining market. After years of rapidly rising house prices, the recent slowdown took many people by surprise – not least those with a home to sell. “For a while we [...]
So, you’re thinking of buying your first residential investment property? There are a few things to consider before making the move. Here are our top 10 tips for avoiding potential difficulties and ensuring success. 1. Know your goal Understanding your financial objectives is key to finding the right investment property. The actual property itself [...]
The current Royal Commission into the finance industry has certainly shed some light on the banking system at large. From a lending perspective, it now makes more sense than ever to use a good Mortgage Broker, and not deal directly with the lender. For many years now, I have been heralding the fact that Banks [...]
The amount you can borrow and the amount you should borrow are sometimes two very different things. Before you apply for a home loan, it makes sense to realistically assess your financial situation. Here’s how to do it. Understand your borrowing capacity Generally speaking, your borrowing capacity – what you can borrow – depends on [...]
It’s all too easy to rack up debt – credit cards, HECS, car loans – and may seem all too hard to pay it off. Debt can also have a big impact on how much money you can borrow for a home loan, so reducing your debt is essential when you set out to buy [...]
Savvy borrowers have an endgame in sight before they even apply for a home loan, and with the right mortgage offset account, they could win that game even more quickly. Home buyers usually focus on the here and now, not the distant future. Rather than the size of their Home Loan balance in 10 or [...]
Australian home loan interest rates remain at historic lows, and the opportunities for paying off a mortgage early are better than ever. Used in conjunction with low rates, here are some extra steps that can speed up loan repayments and reduce your loan balance. Make higher repayments One of the easiest ways to quickly reduce [...]
There are a number of ways to structure your Home Loan repayments. Finding the best option may save you time and money on your mortgage. Here is some information to help you choose the repayment structure that works best for you. Variable Rate Home Loans Variable interest rate loans are all about flexibility. Essentially, with [...]
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 [...]
