Mortage Advice

Buying a home is the single biggest financial transaction that anyone makes in their lifetime and with the high cost of property in Ireland today, house purchase is an even bigger investment decision than ever before. It is important to get the best advice on the best option to suit your needs and the various conditions applying to your particular mortgage application.

Through its agencies, ADVANCE Financial Services places business with all of the major loan providers in the marketplace but before reaching that stage, prospective home-owners are taken step-by-step through the full mortgage process including completing the necessary mortgage application forms.

Professional advice from ADVANCE Financial Services means potential housebuyers need not compromise on their mortgage arrangements and end up paying more than was necessary.

Borrowing Limits

First-time buyers might have the option of borrowing up to 90% of the purchase price of the property, subject to income criteria.

All loans are subject to Central Bank of Ireland rules.

Mortgage Protection

Mortgage Protection policies are generally put in place to cover an outstanding mortgage loan amount. For most home loans, it will be a requirement of the lender that such a policy is put in place and cover is usually for the amount and the term of the loan.

As this cover decreases in line with the reducing loan balance, this cover is often the cheapest form of life assurance cover. It is worthwhile to periodically review the cost of this cover, as the rates charged for this type of cover change from time to time as it is a very competitive area in the market from a price point of view. While initial monthly savings could be small, when the amount is totaled over the remaining term of the mortgage, it can be significant.



 

 

Warning: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOANS SECURED ON IT.

Warning: If you do not keep up your repayments you may lose your home.

Warning: The cost of your monthly repayments may increase.

Warning: If you do not meet the repayments on your credit agreement, your account will go into arrears, this may effect your credit rating, which may limit your ability to access credit in the future.