Finance Broker Perth | Xchange Finance
Improve the Cash Flow of my Business
If you’re running a small business, one of the biggest problems you face is cash flow. Here we look at some of the ways in which you can improve the cash flow of your business, including: • Overdrafts • Credit cards • Factoring, debtor finance, or invoice finance • Trade finance or stock finance • Car leasing • Equipment leasing Overdrafts – traditional but declining The traditional way for a business to improve its cash flow was to run an overdraft. However, you’re charged a fee to get an overdraft and ongoing fees to maintain the facility. Also, interest rates […]
Delivering the Goods: Are our buying habits driving industrial property demand?
In 2020, many retail businesses have pivoted their models to incorporate delivery – as opposed to traditional ‘bricks and mortar’. Some businesses are switching back now that restrictions are easing, but not all. So how is this changing the commercial property landscape? The new, newer normal In a year full of uncertainties, there’s no doubt that our love of home-delivered, on-demand online shopping has shown no signs of slowing. In fact, it’s grown during 2020 more than anyone could have expected. According to AustraliaPost’s Inside Australian Online Shopping update, the first week of August saw online sales grow by 157% in […]
Three questions to ask before you refinance
With interest rates at record lows and competitive deals on offer, switching to a new loan or lender may be an appealing prospect, with the potential to make significant savings. Since the Reserve Bank of Australia (RBA) began its latest round of rate cutting, lenders have been lowering mortgage interest rates across the board, with several now offering rates below the 3% mark. But before you make the decision to refinance, there are a number of areas to consider. Here we cover off some questions you should ask before making the switch. Will I be better off in the long […]
Refinancing: what you need to know
Confused about the ins and outs of mortgage refinancing? There are two key considerations when you’re looking at taking the step – why and how. Here, we examine both. A home loan is generally a long-term proposition, but in some situations, it can be suitable to refinance your mortgage. Refinancing involves taking out a new mortgage and using those funds to pay off your existing mortgage. Doing it right could deliver significant financial gains over time. The two key things you need to know and understand before you go ahead are your reasons for doing it and how to go […]
Easy refinancing for a better deal on your home loan
While refinancing your home loan may seem overwhelming at first, it’s less complicated than you might think. With historically low interest rates and increased competition across the home loan industry, lenders are keen to get your business. When you first took out a home loan, you probably paid very close attention to interest rates. Over time Refinancing your mortgage may therefore be a relatively simple way to save thousands and get a better deal on your home loan. What is refinancing? Refinancing is essentially moving from your existing home loan to a new home loan. The most common reasons people […]
What’s the answer if your mortgage repayment falls short?
Whether you’re affected by fluctuating interest rates or by a change in your personal circumstances, the pressure of maintaining regular mortgage loan repayments can be overwhelming at times. Here is some information to help you understand the available alternatives. What to do before it gets worse If you’re about to miss a mortgage payment or already have, rest assured there is help available. Taking a big breath and raising the issue with your lender is the best thing you can do – in fact, the earlier you do that, the more options your lender will have to assist you. Failing […]
How much can you afford to borrow with your first home loan?
Understanding how much borrowing capacity you have when buying your first home is an essential step for all newcomers to homeownership. The question of “How much can I borrow?” rears its ugly head for all new home buyers. As daunting as it can be, understanding your borrowing power is important – and essential – for those ready to get their foot in the door with their first home purchase. Owning property in Australia is a dream for many young professionals and families. Aside from the financial benefits of owning a home, being able to call a slice of land your […]
Who’s to blame for millennials’ struggle to buy a first home?
The story says young Australians struggle to buy their first home, while their parents negatively gear investment properties. Are boomers to blame? Or do millennials’ habits keep them from owning property? Baby boomers have a 95% rate of homeownership, whereas, at the bottom of the ladder, millennials are doing it tough. Increasingly they’re relying on the “bank of mum and dad”, asking their parents to go guarantor, or waiting until they inherit wealth or property in the future. The avocado toast equation More than one in three Aussie millennials don’t think they’ll be able to afford a house until after […]
The Small Owner’s Definitive Guide To Equipment Finance
Small businesses can always benefit from an upgrade to existing equipment or from purchasing the very latest technology or machinery. However, the reality is that many business owners simply don’t have enough working capital to consider an outright purchase – making equipment finance an advantageous option. Even if you can afford to invest significant cash into new assets, you are likely to be left with less capital to finance regular operations and explore new growth opportunities. According to the Commercial Asset Finance Brokers Association of Australia (CAFBA), the asset finance market in Australia is worth $100 billion in receivables, […]