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Hello,
Welcome to the New Year.
With all the economic and political changes taking place globally its bound to be an interesting one. Weve been told the road ahead may be tough; but when it comes to a downward finance cycle we should also bear in mind it can be an opportunity for improvement and long term gain.
If ever there was potential for the property market, its now! With falling interest rates, generous first home owner grants, deposit saver incentives, strong demand coming off the back of a general decline in property values, conditions appear stacked in favour of the buyer.
My advice for existing home owners and first home owners alike is to make 2009 "All About You". By ensuring your own personal finances are structured effectively, you will be well placed to ride the wave of uncertainty. When it comes to your home loan, remember: its your loan, so let me show you how to take control.
Everyone should be taking advantage of the reduced interest rates. Take a look at your current loan repayments and think about paying that little bit extra. Even a small amount over your minimum repayment will make a difference long term. If youre paying monthly, look at paying fortnightly or weekly. And if your facility enables offset or redraw accounts, they will allow you to manage your monthly income and savings effectively.
It is now more important than ever to take advantage of our services at PAX Mortgages. Call me on 9955 0090 to discuss any questions you may have concerning your finances; or any changes you would like us to help you with - thats what were here for.
Enjoy this newsletter and feel free to share it with family and friends.
Regards
Duncan
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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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Home Buyers Come First
Starting the New Year in a new home has become a happy reality for many Australians, thanks to the Federal Government's First Home Buyer Boost.
Effective from October 2008, the First Home Owner Grant has now been doubled to $14,000 for first home owners who purchase an established home. For those who build a new home or buy a newly constructed home, there has been a tripling of the existing grant, taking it to a whopping $21,000.
Read More >>
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Spreading Economic Cheer
If a strong economy was on your Christmas wish list, let's hope the recent Federal Government's economic stimulus package does its work.
Designed to provide practical support for pensioners, families and first home buyers, the $10.4 billion package is also expected to boost growth in the domestic economy.
Read More >>
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Non-Banks Funding Boost
A recent government injection of $8 billion into the mortgage market has strengthened the position of non-bank lenders.
For you and I this means improved competition and the promise of more choice in home loan rates and products.
Read More >>
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For Love or Money
Steve Willey had run his own cafe for a number of years when he started having trouble paying the bills.
He asked his parents, Jan and Michael, to sign a mortgage over their family home to provide him with a bank overdraft. Within a year Steve's business had gone under and the bank sold the parent's home to recoup their investment.
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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