Mortgages - MORGÁISTÍ"Níl aon tinteán mar do thinteán féin"
Purchasing a home, whether you are a first time buyer or a seasoned investor is one of the largest financial committments that any one individual can make.
In recent times, getting a mortgage has become extremely challenging for many, particularly for those in self-employment. In order to be in the best position possible to get a mortgage you need to ensure that your finances are in order.
Talking with an independent mortgage advisor will allow you to assess your eligibilty for a mortgage and, if necessary, make changes to your circumstances to maximise your chances of obtaining mortgage finance.
The mortgage market can be daunting for the uninitiated and getting the right advice before applying for a mortgage is critical to the success or failure of that application.
Ensuring that you get the best advice at the start of your mortgage can save you thousands of euros in interest payments over the lifetime of your mortgage. At Brendan James Financial Services we will ensure that the mortgage is suitable for your needs. We will also give you a plan on the best ways of ensuring that your mortgage is paid back in as effective and efficient a manner as possible. We will encourage you to come back on an annual basis for a review of your mortgage.
Due to the different criteria applicable it is essential that independent advice is availed of before embarking upon a self build home.
There are a number of important factors that need to be taken into account particularly the nature of the build, the engineer/Architect behind the build and the way in which the build is to be costed. It is more difficult in the current market to get this type of mortagage and a consultation with an experienced mortgage advisor would be essential.
Commercial mortgages and lending has declined over recent years but credit can still be obtained. Any financing must be based on the investment property propsoed and the application must stand on its own merits and be self-financing. Getting the application right on day one is critical and we work with our clients in presenting a proposal to a lender in the best possible way.
If you do not keep up your repayments you may lose your home.