Linda was referred to Orium after we had helped her daughter. Linda lived in Newcastle, but was offered a job in Adelaide and was unsure how the move would impact her housing options.
How we helped
Orium prepared several borrowing scenarios to help Linda make an informed decision and give her the confidence to move forward. After Orium consulted with Linda, she felt most comfortable with the scenario of converting her Newcastle property into an investment property and purchasing a new home in Adelaide.
After taking Linda through the benefits of establishing offset accounts, a pre-approval was initiated for Linda’s new Adelaide home. That way Linda knew in advance what she could afford and make an offer with piece of mind that she could obtain the necessary finance.
As a result of the initial strategy research, Linda was delighted to discover she could keep her existing Newcastle property as an investment for her retirement, while at the same time purchase a new home in Adelaide. Orium assisted Linda to purchase the home in Adelaide and refinance the Newcastle property, obtaining significant interest rate discounts.
How we work with you
- Linda referred to Orium Finance by a family member
- Meet with Linda to understand her current situation and objectives
- Provide Linda with detailed borrowing analysis and scenarios
- Arrange pre-approvals with the lender for the Adelaide home
- Arrange discounts with the lenders for the current and new loans
- Pre-complete application forms and manage the submission process
- Ensure the new facilities and offset accounts are established correctly
- Periodically review Linda's Loan package to ensure she has the right package as market