Y.I.Finance » You're Important

Avoid a spending handover The holiday season is a joyous time of year but festive cheer can quickly evaporate come January when the bills start rolling in. The good news is that a bit of forward planning can help reduce the cost of the upcoming holiday season. Here are six useful tips for savvy holiday season shopping: 1. Pay cash We all know the best way to keep costs down is to stick to a budget. This isn’t easy when Read More…

Tips to protect yourself online Do you remember waiting in line at a bank during business hours to withdraw money from your account? If you were late you risked have NO MONEY for the weekend! Doesn’t that now seem so incredible? The growth of online banking and transactions of all types has exploded in recent years. We now enjoy 24/7 online access to our funds as well as global shopping from the comfort of our homes. Technology has changed our Read More…

A recent survey revealed that 48% of our survey respondents have an investment property! That’s music to a finance specialist’s ears – it’s satisfying to hear those people have a financial strategy that could lead to a more comfortable retirement. 66% of respondents also said they are worried about having enough money in retirement. This is a concern for many of us as almost 80% of Australians over 65 receive the Aged Pension. For 66% of those the pension is Read More…

You may have seen a spate of recent headlines about lenders raising interest rates and changing lending criteria across a range of loan products – despite the official RBA cash rate remaining at an all-time low. It’s no wonder a number of our clients are asking ‘What’s happening with interest rates?’ Sweeping changes in the finance industry are leaving both property investors and owner occupiers more than a little nervous. Any increase in interest rates naturally starts to raise fears Read More…

Property has been considered a popular path to wealth for Australians for many years. It has the potential to generate capital growth (an increase in the value of your asset) as well as rental income. There are also tax advantages associated with negative gearing. However, when buying an investment property, it is wise to remember that you are making a business decision and it’s worth taking the time to plan. We have collated 10 steps to guide you in through Read More…

First home buyers.. step through to your new home Buying your first home is an exciting time, however it can also seem complex and confusing. First home buyers(FHB) often find themselves dealing with financial and legal processes outside their experience to date. Regardless of whether your first foray into property is a small bolthole that removes you from the rental treadmill, an investment property or family home, the process to purchase is much the same. Before you take the leap Read More…

FIRST HOME BUYERS If we believe research in the media, Generation Y (Gen Y) is seen as being far more interested in an indulgent lifestyle than mortgages. Well guess what? The oldest Gen Ys are now turning 35 – and they are the NEW generation of the first home buyers (FHBs). According to a leading provider of lender’s mortgage insurance (LMI) Gen Y borrowers account for 20% of its current portfolio – and they have only recently reached an age Read More…

Say GOOD BYE to your home loan faster! We recommend you call and speak with us regarding your goals before taking action on the steps below! We have collated 15 steps on how to repay your home loan and own your home sooner! 1) Pay your first installment as soon as you settle 2) Review your loan AT LEAST every two years! This is where we can assist! We will search the market and negotiate a cheaper rate with greater Read More…

Asking how long it takes to get a home loan approved is like asking how long a piece of string is. Every application is unique, so the time between your first contact with your us and an approval can never be predetermined. There are, however, some things you can do to hurry along your loan application. Although very rare, same-day loan approvals are possible! This of course depends on the lender’s criteria, complexity of the application and the lenders turnaround Read More…

Generally, your home provides the best opportunity to secure the most cost effective debt available in any given market. As your home is used as security against the loan, it provides the lender with additional confidence to lend money to you and at a lower interest rate than a credit card or personal loan. Credit cards, store loans and personal loans are generally provided without security and therefore lenders charge much higher rates of interest. The reason for this is, Read More…