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Hello,
Once again interest rates are the topic on everyones lips and our newsletter articles touch on a few of the related subjects. As your personal mortgage broker I consider one of the most important aspects of my work is to ensure your financial loan objectives remain on track and your debt levels continue to remain manageable. I have been in the industry long enough to know that an individuals personal circumstance can dramatically alter at any time. Unforeseen changes such as illness, accident, unemployment, or just those unexpected home repairs can upset the best laid plans.
One of the benefits of having your own broker is the ability to have a professional at call to discuss these issues and quickly resolve your needs. With this said, I would encourage you to always contact me to discuss any queries you have regarding your finances. Whether you are worried about interest rates or thinking about refinancing - and particularly if you feel you may have difficulty making payments to any of your facilities. I can work with you to review your situation, suggest options available, and liaise with the lender to work out the most appropriate course of action. Please do not leave it to the last minute, as I am always here to help.
Enjoy this newsletter and feel free to share it with family and friends.
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Level 7, 44 Miller Street
North Sydney NSW 2060| Tel: | (02) 9955 0090 | | Fax: | (02) 9955 4021 |
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Watching Rates With Interest
If there's one thing most of us don't like hearing about, it's another rise in interest rates.While no one can predict whether rates will keep rising, the Reserve Bank (RBA) has indicated that further hikes are on the cards.
The RBA's latest quarterly review of the economy* reveals inflation is moving upward to reach levels of 3.5 to 3.75 per cent through next year and into 2010.
Read More >>
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Fixed vs. Variable Home Loans
To fix or not to fix? It's a question that has become increasingly common in the wake of rising interest rates.Unfortunately there's no simple answer, as your decision to choose a fixed or variable home loan largely depends on your financial situation and personal preference.
The good news is that as your broker we can assess your individual situation and help you make an informed decision that will bring long term benefits.
Read More >>
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Non-bank Lenders
When the US credit crisis hit, the safety of non-bank lenders came under question.As non-bank lenders generally fund their operations through offshore investors, it was thought that they would be more vulnerable to the global credit squeeze.
Time has since proved the critics wrong, as non-bank lenders have demonstrated their ability to weather the storm.
Read More >>
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Innovative Funding
With housing affordability at a record low, you may be wondering how you will ever make a go of it in the home ownership market.Thankfully the rise of innovative lending products is creating more options for borrowers starting out. As housing prices continue to rise, lenders have begun developing products that put home ownership back within easy reach.
One such product is Equity Finance Mortgage (EFM), a new type of home loan that is still hot off the press.
Read More >>
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Mortgage & Finance Association of Australia
We are members of the MFAA, the peak industry body. All members are bound by a strict code of ethics to ensure the highest levels of service, integrity and professionalism.
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About Us
PAX Mortgages was established in 2002 by Duncan Johnston. Duncan has spent his entire career in the banking and finance industry, having spent 12 years at the Commonwealth Bank working with all aspects of consumer and commercial lending solutions. Duncan's last role at the Commonwealth Bank was as a Senior Relationship Executive where he managed a portfolio of private clients requiring lending facilities of up to $20 million.
No two loans are the same. Duncan's experience gives him the capability to offer you the best advice and tailor a mortgage solution for your individual needs.
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Disclaimer: This newsletter is intended to provide general news and information only. Readers should rely on their own enquiries before making any decisions regarding their own interests. Please do not rely on any part of this newsletter as a substitute for specific legal or financial advice. All material is copyright 2010.
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