Meet Loraine

We had a chat with Loraine, a Perth-based project management lead, who turned to loans.com.au to refinance her mortgage and bring her dream renovation to life - all while simplifying her finances by paying out her car loan in the process.

Loraine lives in a freestanding four-bedroom, two-bathroom home in Perth. With the house already five years old, she was keen to add finishing touches to make it her forever home. Her plans included installing a pool, building custom cupboards, painting throughout, and adding a stylish media wall.

After years of saving and avoiding credit cards, Loraine realised she could unlock the value in her home and fast-track the renovation. “I thought, why not do it now and actually enjoy it?” she told us.

• Loraine’s biggest challenge was simply finding the right time to get started. She had long planned the improvements but was waiting until she felt ready to do them all at once.

“I’m excited now that I can enjoy these improvements with my kids and grandkids, and know I’ve added value to my home for the future.”

• With strong equity in her home and a clean credit record, Loraine refinanced her mortgage giving her extra money to fund her renovation and included her car loan in the new package. Because she’d already used loans.com.au for her previous home and car loans, she knew exactly what to expect - a fast and smooth experience.