The current mortgage market

Does having a large mortgage, or even worse multiple mortgages worry you? I certainly get a bit jittery at times. As interest rates fluctuate, I tend to get a little nervous and start checking my mortgage balance quite regularly!

It's a silly, nervous habit really. I have two mortgages, both of them investment based mortgages and of those, one is a Fixed Rate Mortgage. The other home loan thats currently at a variable rate only has a small balance owing and the rental returns are quite healthy - certainly positively geared.

So why do I worry?

I probably can't answer that simply. As new reports come in from around the globe and the pressure continues on mortgage rates - I suppose it's only natural to worry. I tend to get anxious after the evening news discusses defaults on mortgages and predicts doom and gloom. Even though there is no benefit, I simply continue to check the balance and bite my nails as I look at whats owning in total.

Having a mortgage thats fixed does take a lot of the worry away from your investment. Sure, if rates go down quite quickly you might find yourself paying slightly more - but for the benefit of piece of mind and the ability to budget so precisely; having a fixed product makes so much sense.

So while I have my moments of worry, I know I have a solid product and overall, my investment returns are quite healthy specifically in the mid to long term.