In the wake of restructuring mortgage deals, the Irish government has asked homeowners to cut back on spending. Some suggestions that we could perhaps all do are: 1. Cut down on TV packages. Do you really need that extra sky package. Forget that sports package. 2. Take your children out of fee paying school. Why [...]
Daily express reckons mortgages have never been cheaper.
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According to this weeks daily express now could be the best time to have a mortgage…because they are as cheap as they have been in recent times. Cheap is fine if you can actually obtain one. With deposits required for homes at record highs its making getting on the property ladder very difficult for many. [...]
Could mortgage approval rates decline significantly?
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There has been much speculation of late that confidence in the housing market is so low that it may not be possible for many young families and prospective homeowners to archive their dream of home ownership as mortgage approval rates plummet and decline. Many are relying on a wait and see approach for the housing [...]
Record low interest rates boost borrowers
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Interestingly the Daily Express ran a headline this past week suggesting that interest rates will remain at record low levels for the foreseable future. This is potentially very good for borrowers and those with mortgages especially as the expected payments on a mortgage dwindle. Whether savings will be passed on to standard loans is another [...]
We are all investors now.
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Sometimes the word “investing” gets bad press. Fact is we are all in someway investors. We decide where to put time, resources and money. Some of us choose education other choose to invest in building up a different skill set. Whether we like it or not investing is about matching; matching expectation with outcomes, for [...]
Mortgage rates
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With mortgage rates averaging at an all-time low (0.5%) it’s important to understand what factors influence such rates. Specifics relating to individual lenders may vary, but in general these factors are universal. One vital aspect to know about your lender is how often they revise their mortgage rates, whether daily, weekly, monthly, or annually. If [...]
Home equity
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Home equity is the difference between the value of one’s home and the amount remaining to be paid on the mortgage; essentially, how much of the house one owns. After a time, equity accumulates and there are several options one can use to make the most of it. First of all, let’s go over specifically [...]
Finding the right mortgage
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Finding the right mortgage can be a challenge, however, with a proper balance of knowledge and sage advice, it can considerably less intimidating. The first thing to keep in mind is upfront costs such as appointing a solicitor to handle the legal details, lender valuations of the property, application fee to take out a mortgage, [...]
Six reasons to invest in property
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Investing in property is a stable venture that can become more profitable and, more importantly, safer than other options such as volatile stock market investing. For the non-professional investor, investing in property can be a simpler and lucrative undertaking. Generally speaking, property investment has been historically proven to be a much safer form of investing. [...]
