Y.I.Finance » You're Important

Cashflow is the lifeblood of any business At times, circumstances can cause your cashflow to be below what you need to grow, take advantage of an opportunity or possibly meet your current commitments. Have you found yourself stuck at the end of a busy month buying new inventory? Purchasing new equipment that takes time to produce income? Waiting on invoice payments that are overdue? Are you using your credit card to supplement an overdraft? Are you: > Too busy to Read More…

Just about everything we do can be reduced to a number! Your credit file is one of your most important financial assets. Safeguarding the information on your file is an important part of the finance application process as lenders request a credit report on each applicant when they apply for finance. The Privacy Act was amended in December 2013 to allow financial institutions to share your credit liability and repayment history including whether your payments have been made on time Read More…

1. Know your repayment capacity – Do a budget! Increase your borrowing capacity by reducing expenditure and commitments Understand where your money comes from and where it is spent Rationalise credit card limits and clear any small commitments if you can Contact us to calculate your borrowing capacity 2. Credit check – if there is a problem we can help! Organise a free credit file check before you apply for a loan Log onto veda.com.au to access the free credit Read More…

Home ownership – make the dream a reality! If you are a potential first home buyer (FHB), trading up to a larger home or investing you may be feeling disheartened by the doom and gloom in the media as to increasing prices and home loan affordability. Buying property takes preparation and planning – sometimes for years. So what can you do NOW to help you buy a home in the future? Research the market NOW and develop a plan to Read More…

So it’s now DECEMBER (argh where did the year go?) and that crazy time of year where we all run around madly spending up on Christmas gifts, going out, holidays ~ meanwhile maxing out the credit card(s)! December sees credit card usage peak, which is great if you’re a bank (!) but if you aren’t, then what comes with high credit card use is a big bad bank statement sometime in the new year which we call The New Year Read More…

Remember the days of the lay-by? The way people used to buy something they couldn’t afford right away? Many of you wouldn’t! These days we go for instant gratification and reach for the credit card. But is that the smartest way to pay for a big ticket item? If you have a big ticket item in mind to buy but don’t have the funds at the moment, here is a summary of your options and what they mean for you: Read More…

A survey we conducted earlier this year found that nearly 30% of parents were worried whether their children would ever be able to buy a home. Do you have children trying to get into the property market? Are your children wondering if it will ever be possible to buy a property in today’s market? As property prices continue to rise and entering the market for some people becomes a distant dream, many parents are looking at ways they can help Read More…

How good is the smell of a new car?! Or the excitement of driving your new car home for the first time? I helped a friend buy a new car a few months ago and they are still excited about owning it! One thing I noticed while car shopping was that some dealers were offering ridiculously low % interest rates on car finance – in the relm of 0% or 1% finance!! What does this mean? How can they offer Read More…

Spring is a popular time for the property market, sellers have been preparing their properties ready for sale, and buyers are stepping out in the warmer weather to shop around for their dream home or an investment property. If you’re thinking of buying a property in the next few months you should consider getting a pre-approved loan. What is a pre-approved loan? A ‘Pre-Approval’ is defined as an evaluation of a potential borrower by a lender that determines whether the Read More…

Buying off the plan means purchasing a property that is yet to be developed. Often it’s high rise apartments (like the many apartment buildings currently under construction in and around Newcastle CBD), but also can be small to medium density developments including over-55’s townhouse / villa projects. Benefits of buying off the plan Why do people choose to buy property off the plan? One of the key advantages of buying off the plan for a buyer is time. After paying Read More…