This story it about how a single lady who made her dreams into a living reality with a little help from us.
On a beautiful, sun-filled Queensland day Madonna watched her dream become a reality as the Service Manager drove her brand new bright white car tied with a big red bow to the front door of the dealership guest lounge.
When the Manager handed her the keys, she felt like an athlete that had just won the first prize and in a way she had. Because this was her first brand new car and a real life milestone for Madonna, but it could have been a very different out come.
A decision was needed quickly, could a new car and a renovation be part of the plan?
It had only been short while since Madonna had a stirring of an idea. She needed to make a decision, to either figure out a way of consolidating her debt and getting some major improvements done to her house OR she might have to sell her home. Not only did she need to do something quickly she also wondered if it might be possible to get the finance so she could buy a NEW CAR, something she never had before.
So Madonna contacted us at Living Home Loans and talked about her current situation and pitched us on her ideal solution. Firstly, she wanted to get rid of a personal loan and credit card, as the interest was ‘a real pain’, plus moving forward she wanted just a single ‘manageable’ payment for all her commitments.
Out came our calculators and many crunching sounds later, we presented her with a solid plan of action, which meant that she could in fact keep her home. She was both delighted and relieved about having only a single monthly payment to achieve everything she wanted.
We helped Madonna to understand how to get a valuation that added in the value of the proposed work she wanted to do. That way, she would have enough money to do the majority of work she wanted, without further unnecessary costs like Mortgage Insurance. This meant Madonna had to do a bit more research into a strategy that would improve the value of her home, without over capitalising.
Madonna set out into the world of renovations, getting quotes and finalising the items that were a priority for her. She saved a lot of money by working through several ideas and quotes, to achieve her goals.
She quickly learnt the effectiveness of reviewing companies and comparing quotes. Her strategy was nowhere as simple as just handing the whole job to someone, but she knew she would get more bang for her buck by doing the footwork herself.
Her dream renovation became a reality
Eventually, the renovations came together with a plan that completed most of the items she dreamt of…
- Brand NEW pool
- She did a major improvement on her outdoor area, including some lush gardens and an undercover outdoor entertainers delight.
- Madonna got solar panels installed to reduce long-term expenses.
- She was also able to install a new kitchen and flooring throughout her home.
She realised that she felt a strong sense of achievement and joy as the work was being completed. She had now done major renovations to her home, which not only had increased the value, it also gave her the feeling of living in a luxurious resort, and now the only missing part was the new car.
But what about the new car?
Madonna had purposely waited until all the renovations were completed, until she brought the car. In her mind each night she would imagine herself driving the ‘brand new white car’, feeling the smooth clean upholstery and smelling that unmistakably new car scent.
When the day came it was just like she had dreamed. She was driving down the road, pulling into her driveway and as she turned off the engine she paused for a moment and just soaked everything in…
- She got rid of her high interest personal loan and credit card
- Completed the renovations to her home
- Had now increased the value of her property
- Was living an upgraded lifestyle
- And she was driving…
The strategy that Living Home Loans assisted her with, allowed her not to be over committed or have to juggle even more loan facilities for her new car, or any renovations.
Come and see us at Living Home Loans. We love hearing our client’s ideas, and to helping you to improve your lifestyle, by achieving your dreams. We have a team that will give you confidence in your decisions and to be able to move forward with clear plans. We can help you to get successful finance to enhance your freedom too.