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Hello,
Welcome to the March issue of Interest.
With the global financial crisis appearing to be behind us and the cycle of the big bank domination the hot topic, there does appear to be signs of life emerging from some of the smaller funders and regional banks entering the market with competitive products. So with interest rates starting to edge upwards, now is a very good time to start looking at options and perhaps revisit your big bank loan.
Our article 'housing market blasts off reveals how optimistic Australian borrowers and investors feel about the housing market and whether there is a basis for this confidence.
We also address the topic of rising interest rates and look at ways that you can prepare your budget and finances to cope with higher repayments.
Lastly, we end on a lighter note, with an article about how laughter can improve workplace productivity. I hope that as your mortgage broker you can feel comfortable enough with us to share a laugh - especially when we tell you how much you can save by letting us assist with your borrowing needs!
Enjoy this newsletter and feel free to pass it on to 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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Housing Market Blasts Off
Confidence in Australia's housing market has returned in spades, according to a survey by the Mortgage Finance Association of Australia.The survey found that almost three in four respondents (73%) expect house prices to rise, representing the highest level of confidence in more than three years.
Read More >>
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Insuring your mortgage
With interest rates predicted to rise again this year, you may want to consider taking out mortgage insurance for protection against financial difficulty.Should you suffer an illness or injury, Mortgage Protection Insurance will cover your mortgage repayments for a prolonged period, allowing you to concentrate on getting better or re-entering the workforce.
Read More >>
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Plan for Rate Rises
It's no secret that interest rates are rising, which means planning ahead for future increases in home loan repayments.Most economists are predicting that the official cash rate will rise to around 4.75 per cent to 5.00 per cent by the end of 2010. These predictions are made all the more certain by the news of solid employment growth and an economy that is recovering faster than previously thought.
Read More >>
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Grab a Grin
Being merry has many merits but basically it makes us feel good. From medieval court jesters to contemporary comic millionaires, the ability to get a giggle has always been highly rewarded.Scientific and social researchers have compiled long lists of the physiological and psychological benefits associated with laughter. Lowered blood pressure, reduced stress hormones, strengthened immune system, improved circulation and muscle relaxation are just some of the ways our body responds when we exercise our sense of humour.
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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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