We were really pleased about being chosen to discuss mortgages on Newstalk’s ‘Lunchtime’ show with Andrea Gilligan, it was part of a series called ‘project house’ which is helping people figure out how to buy a home. They needed mortgage advice and went to the experts!
To a big number of people especially first time home buyers, mortgage application seems to be a difficult task that calls for the assistance of an in-person mortgage broker. However, it does not have to be! These advantages of online mortgage application are so much that you need to consider it as an option whenever you think about getting a mortgage.
Many people are applying for mortgage online
In Ireland, an increasing number of people are using the internet to apply for mortgage now more than ever before. In a recent report, an Irish banking survey indicated that over 40 percent of people use various digital platforms to apply for mortgage because of the COVID-19 pandemic which has forced people to practice social distancing and adhere to lockdown restrictions. This number is expected to increase as the number has forced many individuals to be more comfortable and familiar with technology to complete various tasks. Additionally, as millennials get older and begin to look for property, they will definitely look to save costs and ease of use when applying …
Saving up to buy a home can seem like a big challenge. Your home is likely the biggest purchase you will ever make, and unlike saving for retirement, this payment is a large sum of money that you will need to access soon. This may seem challenging, but with a solid savings plan, anyone can save enough to put a down payment on their dream home. In this article, we’ll cover 5 easy ways to start saving for your down payment today.
Budget your money wisely
The first and most important step in any savings plan is budgeting. To build your budget, examine your bank statements and credit card payments to see where your money is going. Make sure to keep track of how much you spend on necessary payments, such as rent, utilities, and student loan payments if you have them. Next, consider how much you spend on eating out, entertainment, and other nonessentials. While you are saving, it is a good idea to set limits on each of these categories and stick to it, setting aside the …
Before applying for a mortgage, one should be sure they have all the necessary documentation. Typically, if one goes through a broker or chooses to go directly to a lender/bank, guidance will be provided on all the necessary paperwork and how to complete it. However, it can save applicants valuable time to try and get pre-approved by either lenders or brokers. In this case, they would likely need to take some initiative.
Documents required for approval and preapproval can vary depending upon the borrower and lender.
All borrowers will likely need:
Proof of ID Proof of Address Personal Public Service Number Proof of Income Financial Statements
Proof of identity can include things like a valid Irish driver’s license or passport. For proof of address, one might consider a utility bill, a tenancy or lease agreement, or government-issued documents that include said address.
Personal Public Service Numbers (PPSN) are issued by the Department of Social Protection (DSP). Non-residents can obtain a PPSN by applying for one with the DSP. Such an applicant will also need to provide proof of …
We are really pleased to be among the very small and select group of brokers in the country who were asked to be part of the AvantMoney lending panel. If you want a low cost fixed rate from the mortgage arm of AvantCard then you must go through a broker and we’d be happy to help you should you want to work with a firm that has been around for almost 20 years and where every advisor has at least a decade of experience. Call us to find out more 01 6790990
Technology has been becoming a huge part of everyday life in today’s world. Almost everywhere you look, there is someone on their smartphone or working on their laptop. Even young children know the ins and outs of phones, tablets, and computers. You can control your home security from your phone when you are miles and miles away. There are smart TVs and smart cars that do things that were only thought possible in movies years ago. Speaking of movies, even those have moved online with apps such as Netflix, Amazon Prime, Now TV, or hayu.
With all this growth in technology, it is not surprising that banking would also go online. With banking and loans becoming more popular online, mortgages aren’t far behind. Many companies that haven’t been able to embrace the technology revolution tend to get left behind and go out of business. This is why it is important for mortgage brokers to embrace the technology revolution. Companies do not want to get left behind in today’s competitive market.
Many millennials who are the ones that grew up with …
As Operations and Compliance Manager of Irish Mortgage Brokers here since 2004, Karl Deeter has established himself strongly in the mortgage and financial world. One of his latest projects is Yes.ie that he started back in 2016. In short, yes.ie is an online brokerage. The website allows you to apply for mortgages, remortgages, investments or buy to let loans, while comparing the most competitive prices all in the comfort of your own home. On top of looking for mortgage rates, yes.ie also offers services for insurances. So, if you need mortgage protection, a pension, or life insurance, yes.ie has all the information you need within a few clicks.
Everything about this website is geared towards the client. There’s no opening or closing time, and everything is done at your own pace. It’s hard to find the time to make an appointment with a broker. Now, there’s no need to take time out of your busy schedule to do so. Without facing the pressure of a salesperson, you can feel comfortable and apply on your own terms.
If ever you need …
With the current housing crisis in the midst of the country, many plans have been developed to get the country out of its current slump. Some merely get laughed at, while others are well on their way to implementation within the housing market. It is likely that before long these effects will take a toll in the market and we will begin to see some upward movement in home buyer confidence.
The government has been quick to release multiple initiatives set out with the goal to turn the crisis around and allow the market to begin looking up. The Home Loan Scheme recently announced by the government is designed with the strategic plan to provide low-cost mortgages to first time home buyers.
With the first announcement of such a plan, many home buyers are thinking; is this too good to be true? As they have been waiting for an extended period of time for some light to be shed on the crisis that allows them to finally move into the homeowner sector.
The Rebuilding Ireland Home Loan …
David McWilliams’s show ‘Ireland’ looked at the issue of property prices here and asked if we are in a ‘bubble’. He spoke to Karl Deeter from Irish Mortgage Brokers about this who made two points. The first was that we are too late to change the outcome of the property cycle, the second was that the biggest land hoarders in the state is the state itself and that Government should release land to flood the land market and drive down the primary costs of construction.
We had a lot of press covering budget 2018, our contributions are listed below:
Here is a piece from The Irish Sun. “You literally couldn’t hope for a better small country to do lobbying in because we managed to give nothing to anybody, everything to somebody, nobody is happy about it and everybody knows it was a fiscal version of the most average-looking horse in the glue factory”.
The Irish Independent also featured an article by Karl Deeter: It would take a special type of fool to fall for anything you hear in the Budget as being “in your favour”.