Comparing Mortgages in Ireland to Mortgages in the United States

 

The mortgage market is a vital component of the housing sector, enabling individuals to purchase homes by providing them with long-term financing options. While mortgages serve a similar purpose in different countries, their structures and features can vary significantly.

First, we take a look at the different mortgage types. In the United States there are fixed-rate mortgages which are predominantly offered and provide a fixed interest rate for the loan’s duration. There are Adjustable-Rate Mortgages (ARMs) and the interest rates can fluctuate based on market conditions and typically offer an initial fixed rate for a specified period.There are FHA Loans which are backed by the Federal Housing Administration and provide accessible financing options for low-to-moderate-income borrowers. Lastly, there are VA Loans which are guaranteed by the Department of Veterans Affairs and are exclusively available to eligible military veterans and their families.

In Ireland there are Variable Rate Mortgages which are commonly offered with interest rates subject to change in response to market conditions. The Tracker Mortgages are tied to the European Central Bank (ECB) rate and offer borrowers …

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3 Economic Ways to Revive Your Outdoor Space

 

A few individuals in Ireland have the luxury of enjoying their property’s outdoor space. Therefore, if you have enough outdoor space, you need to ensure that it is both comfortable and aesthetically pleasing. This space will encourage you to spend more time outside while enabling you to make use of the space that you have at your disposal. This article shares 3 cheat but useflu ways that you can use to revive your outdoor space. 

Grow some plants

To revive your outdoor space, the best and easiest thing you can do is growing plants, even if they are potted. To grow these plants, you need to undertake a research of the varieties of plants that grow well in your area. This is the best way to ensure that the plants can grow and thrive with your region’s climate. Apart from potted plants you can place on the ground, you could also hand plants in baskets and pots which may revive your outdoor space. The plants can also act as a partition for your outdoor space and can define the …

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4 Economic Ways to Secure your Home

 

 

With COVID-19 still part of our daily life, people in Ireland are spending a lot of time at home. Because of the stay-at-home recommendations, many people are suddenly trying to find new ways of securing their homes. As compared to the past, smart home technology and artificial intelligence are changing the home security market. Regardless of the fancy models in currently in the market, there are some affordable and easy ways to secure your home. 

Secure your doors

Close to 40 percent of burglars enter a home through the front door. Because of this reason, always ensure that your exterior doors are properly inspected to know whether the hinges are protected or if the frames are strong enough. If the home you move to was occupied by someone else before, ensure that you change the locks so that any key previously used can be rendered useless. Lastly, you could install deadbolts, use a video doorbell, install smart locks or add a strike plate.

Lock the Windows

Windows are also entry points which can allow burglars gain access to …

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What is the Local Property Tax of 2022?

 

Local Property Tax is a self-assessed tax based on your property’s market value. Until recently, all Local Property Tax costs have been calculated using the prior property assessment date.

The next property valuation date is 1st November 2021, according to the most recent revisions to LPT released in June 2021. For the 2022 Local Property Tax charges, property owners must submit a revised self-assessed valuation of their property based on the new assessment date of 1st November 2021.

 If you sell your home after 1st November 2021, you will be responsible for the Local Property Tax in 2022.

Housing prices will be reassessed every 4 years under the current LPT system, and new properties will be added to the system every November.

Local Property Tax is payable by all holders of residential land, including rental homes. As a result of the current LPT system, first-time purchasers and new houses purchased since 2013—which were previously free from LPT—will be responsible beginning 1st November 2021.

The following is a list of individuals that are liable for Local Property Tax:

Individuals with a …

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All you Need to Know about a Credit Score in Ireland

 

Having a good knowledge about your credit score and the contents of your credit report is very important since you are able to clearly understand the factors that may impact your score when getting a mortgage to buy a home. With the report, you get an overview of the things you are doing right and the parts you should change so that you can increase your credit score. 

Factors that determine your credit score

Your credit including a mortgage, car loans, store credit cards, and a mortgage affect your credit score. Additionally, the credit that you are using affects your score. In this case too much use of the available credit reduces your credit score. The third factor is late repayment since it stays in the report for a lot of time. Sometimes there can be some error in the credit report but this can be fixed within a day. Therefore, before going to a lender for a mortgage, you need to ensure that the report is up to date. If you discover an error, file a dispute with …

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5 Stress-Free Ways to Save for a Property’s Down Payment

 

The Purchase of your first home is perhaps one of the biggest financial steps you will ever make in life. The process of saving for a down payment may seem to be a daunting task, However, it is not an impossible task. These are 4 simple way you could save for a do

Set aside a small amount of money in your savings account

With some time and planning , setting aside a small amount of money and placing it in a savings account  every month can be an amazingly compelling approach to easily get a down payment in future. According to a recent Irish study, it’s the most widely recognized way home buyers put something aside for their down payment. 

Without a doubt, using traditional methods to save for your down payment takes a lot of time. If you want to buy a property really fast, long term savings cannot be a viable option. As the markets in Ireland change, the prices of homes can dramatically increase and lead to a rise in minimum down payment. These …

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Things to consider when Installing a Security Surveillance Camera

 

The security camera is one of the most beneficial technological innovations for homes, motels, and restaurants. With the rise in crime and other anti-social elements in the city, these cameras can be handy. For instance, with this tech, a homeowner can keep an eye on their home environment no matter where they are. Keeping your family and assets safe in the comfort of your own home has been made easier thanks to recent advances in camera and mobile technology.

Having security cameras on your property is vital because it helps you catch the criminal with video evidence of a crime on your property and shows you where the building’s safety system is vulnerable so you can make the necessary changes. Security camera CCTV systems are available in various integration capabilities, imaging resolutions, and use cases. Some of these cameras are used indoor security, while others use outdoor surveillance, with features such as inclines, 360 degrees, and zooming. Moreover, a thorough understanding of the indoor and outdoor home security camera setup aids in ensuring peace of mind. Here are various …

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3 Do’s and Don’ts of CCTV Cameras for Home Security

 

When thinking of the best security system for your home, you need to understand that 80 percent of losses due to theft can be prevented by using a surveillance camera with remote access. Having a camera that is easily noticeable can discourage would-be burglar from pursuing his or her plans to steal from your home. Thieves understand that there is a chance that they can be caught on camera and therefore can make a decision that it is not worth the risk. This therefore means that closed circuit video surveillance systems could offer important preventive measures against theft and burglary. 

In the event that your home is broken into, CCTV footage can help you reclaim the lost assets and possible arrest and conviction of the individual who broke into and stole from your home. This will lead to a more secure neighborhood for you and your neighbors who may not have CCTV cameras. Regardless of how you look at it, one of the most effective and safest option is a high quality CCTV video surveillance. Below are some do’s …

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How To Start a Rental Property Business?

 

Real estate is a challenging business, as obstacles can wipe out your profits if you are not careful. When planning to invest or starting a rental property business, selecting the suitable instruments for your rental property requires a lot of time, dedication, hard work, and strategic planning. This is especially true in the rental property management industry because owning a rental property is similar to walking on a road. Anything can happen; for instance, if the wind blows, you must maintain your balance and not fall apart, which will remain your responsibility throughout the journey.

Lessons on howstart a rental property business is similar to learning how to create almost any other company. As an investor, one must identify several vital elements to begin a good start.  These components and the systems and investors’ benchmarks are more successful with a proven plan for rental properties. Moreover, if you want to start a rental property business, there are several valuable lessons to learn from the experience. Meanwhile, here are some of the most critical steps to consider before planning to …

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Home Security System…Why?

 

For centuries, people have attempted to protect their homes, properties, and selves. Royal families, noblemen, and senior citizens hired personal protection security guards during the Industrial Revolution. This shows that the current systems of domestic safety have been around for a long time. 

When looking at factors into choosing home security, including how you and your family can benefit from the system, well, installation, armament, and handling alarms are all aspects of security control systems that can make you wonder whether they’re worth the effort. An intelligent home safety system includes both house and personal safety. Today, there are numerous types of safety systems available for both families and businesses. This type of service ensures property and family safety and health. Moreover, individuals’ safety practices and property security hardware are both included in home security.

A security system usually includes critical components that play a role in improving security, and they are integrated into the system. You can choose a wired or wireless security system based on your preferences and budget. Given how to best protect your valuables and …

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