buying a home mortgage Archives - MyLifeCover

How Switching Can Save You €100,000

Admin — Tue, 23 Jan 2018 11:30:57 +0000

Households are finally cottoning on – switching your mortgage can save you €100,000. Brokers MyMortgages.ie report a three-fold increase in switching and forecast double digits growth in the first half of 2018. One reason behind the rush is borrowers want to avail of cash incentives for switching in case they are banned, as Fianna … Continue reading "How Switching Can Save You €100,000"

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Mortgages gold rush on the cards as ‘cash-back’ deals could be banned

Admin — Mon, 22 Jan 2018 11:11:08 +0000

Christian McCashin Fears that ‘cash-back’ mortgage offers will be banned this summer is expected to cause a surge of homeowners switching their mortgage. Fianna Fáil is looking to ban the offers, which give borrowers a return of around 2% of the mortgage back in cash. This would force the banks to compete on interest … Continue reading "Mortgages gold rush on the cards as ‘cash-back’ deals could be banned"

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Activity Picks up in Mortgage Switcher Market.

Admin — Fri, 19 Jan 2018 13:27:52 +0000

Experts at MyMortgages.ie have reported a flurry of activity in the mortgage switcher market since the beginning of the year. The brokers forecast the switcher market alone will experience double digit growth in the first 6 months of the year, as an increasing number of mortgage holders learn of the option which could potentially save … Continue reading "Activity Picks up in Mortgage Switcher Market."

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Brokers Note Rise in Calls Over Switching Mortgages.

Admin — Fri, 19 Jan 2018 11:05:26 +0000

Grainne McGuinness. Evening Echo A Cork broker has reported a spike in calls from mortgage holders interested in switching their homes loan in the first weeks of January. Joey Sheahan, Head of Credit at MyMorgages.ie on South Mall, believes a number of factors have led to the influx in enquiries. “We have … Continue reading "Brokers Note Rise in Calls Over Switching Mortgages."

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Are we going to say goodbye to cash-back mortgages?

Admin — Tue, 16 Jan 2018 17:05:42 +0000

Fiona Reddan Last year the Competition and Consumer Protection Commission warned that cashback offers might not make financial sense in the long term because of the higher rates often also charged. New mortgage rates bill could see popular cash back offers banned – but home owners may benefit from pressure on rates An amendment to … Continue reading "Are we going to say goodbye to cash-back mortgages?"

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Mortgage cashback offers to be banned

Admin — Mon, 15 Jan 2018 18:00:14 +0000

MORTGAGE cashback offers look set to be banned in a move that would hit first-time buyers and switchers hard. Banks have been accused of using cashback incentives to camouflage their exorbitant mortgage rates. Now a Fianna Fáil bill that will ban the practice of banks offering cash incentives to first- time buyers and movers could … Continue reading "Mortgage cashback offers to be banned"

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Cutting the monthly mortgage bill is easy — and profitable

Admin — Fri, 05 Jan 2018 18:37:06 +0000

Friday, January 05, 2018 – 06:15 am Time spent reducing your debts, bills and tax will be the most profitable time you spend this year, writes John Hearne. A credit union survey suggests it takes an average of eight-and-a-half weeks to get back to normal after the annual overspend. If you’re carrying a large credit … Continue reading "Cutting the monthly mortgage bill is easy — and profitable"

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More than 60 first-time buyers get approved every day for €218k mortgage

Admin — Thu, 21 Dec 2017 11:56:40 +0000

Figures show first-time buyers now account for 50% of approvals as rising prices drive up average mortgage loan Tue, Nov 28, 2017, 09:13 Fiona Reddan Every day in October, some 62 first time buyers got approval for a mortgage worth an average of €218,000, new figures show, which also reveal that while the rate … Continue reading "More than 60 first-time buyers get approved every day for €218k mortgage"

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Mortgage Switching Can Save Homeowners Between €1,200 & €3,600 A Year

Admin — Tue, 19 Dec 2017 10:12:30 +0000

Written by Robert McHugh, on 24th Nov, 2017. Posted in Property Despite the Central Banks recent efforts to highlight the benefits of mortgage switching to consumers, the majority of mortgage holders remain unaware of the potential savings that exist and of their eligibility to switch lenders. This is according to figures from MyMortgages.ie who … Continue reading "Mortgage Switching Can Save Homeowners Between €1,200 & €3,600 A Year"

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A Good Time to Switch Mortgage.

Admin — Wed, 13 Dec 2017 15:32:12 +0000

John Hearne looks at why the right mortgage switch can deliver you up to €3,600 in annual savings Mortgage brokers MyMortgages.ie reveals that switching mortgage providers can save homeowners anywhere between €1,200 an €3,600 per year. Joey Sheahan is head of credit with MyMortgages.ie. He says that despite the fact that the mortgage payment … Continue reading "A Good Time to Switch Mortgage."

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