Looking to move to Dublin? Consider living in these areas

The city of Dublin is one of the most popular hubs for relocation for people from all over Ireland and the world. Divided into a north and south side by the Liffey River, Dublin has many great neighborhoods within its 24 postal districts. Boasting a population of 1.2 million people, more than 25% of the entire country’s population, Dublin is a busy city packed with a variety of inhabitants and lifestyles. Whatever type of lifestyle you’re looking for, there is a great neighborhood in Dublin that can suit your needs. Here is a brief look at some of the best locations in Dublin.

City Center South

Looking to live a city lifestyle, with great food and diverse nightlife? If so, City Center South may be for you. Though it may be a little more affluent and expensive to live in than its Northern counterpart, North Inner City, or D1, City Center South, known as D2, provides a great experience for those looking to live in a central location with lots of tourist attractions. Nearby attractions include the iconic Temple Bar, …

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What does it mean if your mortgage is in arrears?

The mortgage on your house or apartment is one of the biggest and most important financial commitments that most people have. If you fall behind on these payments, it could put you in a very difficult  place financially. When you miss mortgage payments, you may fall into what’s known as mortgage arrears. If you fall into arrears, your lender may eventually repossess your home. This is why it’s important to contact your lenders Arrears Support Unit as soon as you fall into arrears, or even pre-arrears. However, repossession is a last resort for your lender, as they generally want you to make all your payments on time. This is why, before they repossess your home, your lender is required to offer a Mortgage Arrears Resolution Process (MARP), per central bank guidelines. Under the MARP, your lender will offer a variety of solutions to help you pay back what you owe, in addition to paying back the amount in arrears in full.

If you enter the MARP, your lender will first conduct an assessment of your financial situation and your ability …

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5 Features that make a profitable Rental Property

Investing in a residential rental property can be a great and profitable way to boost your investment portfolio. However, real estate is a tough business. For this reason, it’s important to do detailed research on the pros and cons of real estate investing before buying your first property.

It is important to start your search for property before bringing an agent into the picture, as they may pressure you to an investment that is not best suited for you. During this preliminary research, you’ll want to narrow down several key characteristics you are looking for in your property, such as size, location and amenities. In this article, we will discuss 5 key features to look for to ensure that your real estate investment is a profitable one.

1. Know Your Neighborhood

The location of your property is one of the most important things to consider. Knowing which type of neighborhood you are investing in will determine the type of tenants you will attract, as well as your vacancy rates. For example, if your property is near a university, then you …

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4 Easy Ways to Improve your Financial Literacy

Financial literacy is one of the most important and underrated skills that anyone can have. Understanding basic financial concepts such as mortgages, inflation, and interest rates is critical for financial success. Once you unlock this knowledge, you will be better equipped to effectively manage, save, and invest money for you and your family. This knowledge, combined with other good financial habits, is the key to financial well being and freedom later on in life. While everyone has varying degrees of financial literacy, there is an overwhelming amount of resources available to expand your knowledge on financial topics.

 

Read Personal Finance Books

If you enjoy reading, there is no shortage of finance books that cover a broad variety of topics, from eliminating debt to saving for retirement. One book recommended by Forbes magazine that covers the latter is Rewirement: Rewiring The Way You Think About Retirement!, by Jaime Hopkins. This book tackles common misconceptions and bad habits that prevent people from having flexible and successful retirement plans. For a variety of books on many topics, check out Insider’s …

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Mortgage Broker vs. Bank: What’s the Difference?

Buying a house is one of the most important decisions of your life, which is why you need to make sure you pick the right lender when applying for a mortgage. However, there are many different types of lenders, each offering different products and rates for your mortgage, so it can get overwhelming. 

 

The first type of mortgage lender is a Direct Lender. A direct lender is a financial institution that originates, processes, and funds the loan all by itself. In other words, the company you work with is the one loaning you the money. Direct Lenders include big banks like Bank of Ireland, credit unions, and specialized financial companies that deal primarily with home loans and mortgages. An example of a specialized mortgage company like this is Quicken. 

 

The second type of mortgage lender is a Mortgage Broker. A broker is the “middleman” that helps you find the best possible rate for your home loan. Brokers work with multiple mortgage companies and compare rates to find the best lender for your specific situation. 

 

Now that …

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It is an Emergency! Do you have an emergency fund?

Oh no, you just got into an accident on Tuesday during the rush hour during the rain. Do you have the money you can come up with right now to pay for the accident, could you do it? Although it might not be a greatly rewarding goal or cool, the emergency fund is the foundation of what your entire financial health is built upon. Without it, it could be a matter of time before it comes tumbling down.

Many common unexpected costs come weekly or monthly for an individual. Your car could break down in the middle of the highway, maybe your toilet broke, or many other things that could have happened. Most commonly, people throw these unexpected costs on to their credit card rather than paying out of their emergency funds. That’s to say the same as running but with a backpack full of books. Financing is on a credit card can easily climb not the thousands when people could have easily paid it off in one year.

The lack of an emergency fund costs you more than just …

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Is combining Finance the right thing to do?

Finally! Today is the day, your significant other is moving in with you!  A dream that finally came true and you both are dancing happily. But then, the first rent bill comes, and you are stuck. How should I handle or now how do WE handle it? Back in the day, typically couples were married and combined all aspects of their lives together. All was now family property. Times have changed, couples are moving in together before marriage without any legal binding and it leaves them wondering, how do we handle our finances? Should you and your significant other consolidate your finances or maintain your own finances independently?

How many couples have their finances shared, separated, or some of both? Millennials that live together are more likely to keep their finances separated than any other group. There are many advantages to keeping them separate. One may be in a situation where they hold debt. With debt in their shadows, it is easy to understand why they may feel guilty to burden the other with their problems. Or you may have …

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Many Misconceptions about the current ranking of the Irish economy in comparison to other EU countries

A reading using these statistics is not fully accurate simply due to the fact that the statistical distortion created by multinational companies in Ireland sway these numbers. This includes the large activity of transferring the depreciation of intellectual property. AAlso the large number of leasing companies that have moved their headquarters to Ireland in the recent years. The latest GDP statists that have been published internationally show that Ireland’s per capita GDP comes in 5th place out of the 182 countries, and Ireland is first in all of Europe. While these large profits are within the Ireland borders, the majority of these profits are being funnelled by foreign multinational companies that in turn use their profits elsewhere.

In fact, using these skewed statistics like GDP can mislead data in other matters, such as debt, inequality, and worker laws. The GNI statistics is an alternative measure to the GDP, however, it is also affected by the large number of multinational companies located in Ireland and is not a clear representation of the average Irish citizen’s financial situation.

When we look at …

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How to be an ethical investor

First, it is so hard now even before the pandemic to avoid the issues of human rights violation, climate change, corporate abuse, and much more. Sometimes even donating to organizations it is hard to feel those impacts. It causes us to feel crushed by all the problems happening around us and ignore them altogether. But have you taken a deeper look into your investment portfolio? You might ask yourself, is my money-making things better or worse? How can I only donate, but help myself and others in a sustainable way?

Of course, our intentions for investing are obviously to grow our money’s worth for the long or the short term, but on the flip side, the cost of the profits for the company might be quite damaging to not only us but to others. Although you are using your money for good intentions does the thing you are investing in believe in the same morals and principles as you are? Do you continue to take part in this system pretending nothing is happening or is there a better way to …

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Homes sales reaching an all-time high

In the last three months of 2020, the Irish market has experienced the so-called “strongest quarter of home sales in the last decade”. While the official transition figures have not yet been published, many advisors state that this past quarter has been the largest jump in sales for many years. In the number of house sales last year from January until September, there was nearly 29,100 number of house sales. Which was down 25% from the previous year. But there is an estimated amount of 18,000-20,000 number of house sales just in the final quarter.

This sudden jump in the number of sales is largely attributed to the number of prospective buyers that were locked out of the market in the first lockdown, and the market reopening at the final quarter had led to a frenzy of rushed activity as people once again were able to utilize their interests in the market. Since people were also afraid of the potential of having another lockdown occur, they were more rushed to make a decision and in that sense, the entire process …

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