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Hello,
History is now in the making as home loan rates drop to an incredible 50 year low. The opportunity for home ownership has never been more affordable, with low interest rates, a slow property market and government first home owner incentives all combining to make housing affordability the best its been in over ten years.
We also take a look at how low interest rates are expected to go, followed by an article on why refinancing your mortgage can save you thousands. We recently assisted one of our clients to save around $20,000.00 over 12 months by simply refinancing his facility. Our article "Price Tags Count, Postcodes Dont" reviews property market trends and what this means for your prospects to buy or sell.
As you can see, with all the current changes in the market theres no better time 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 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.
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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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Rates: How Low Can They Go?
The last time mortgage rates were this low we were buying bread for 14 cents a loaf, listening to Elvis Presley on record-players and watching black and white TV.
Official interest rates have dropped to an incredible 50-year low, bringing about massive reductions in fixed and variable home loan rates. For the homeowner with a mortgage of $300,000 on a 30 year loan, a one percentage point cut in interest rates equates to savings of $197 per month.
Read More >>
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Refinance: You Could Save Thousands
This time last year we published an article on whether to refinance in the wake of rising interest rates. Today we re-visit this topic from the opposite side of the coin - whether to refinance in the wake of interest rates that are going down, rather than up!
It's a reversal of fortune that has put the smile back on the face of home owners across Australia.
Read More >>
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Price Tags Count, Postcodes Don't
An exclusive postcode is no longer such an asset as property prices continue to drop at the top end of the market.
It is the wealth belt suburbs, where prices have risen strongly for the past four years, which are now the most affected by the economic downturn.
Read More >>
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Online Social Networking - Value or Hype?
If you haven't already joined a web site like MySpace or Facebook, chances are you will in the near future.
For some of us, it's curiosity that draws us in, for others the chance to connect.
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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