What is the ‘Right Mortgage’?
Tara Kelly, Mortgage Manager at the Mortgage Shop, shared a few crucial pieces of advice with Regina:
- It’s always wise to shop around. Remember your own bank may not provide the kind of mortgage that you require, e.g. self build, buy to rent etc.
- Just because your savings are with a bank does not mean they have the right mortgage for you. Be prepared to change banks to find the best deal in the market.
- It is a good idea to visit a couple of reputable mortgage advisors – be sure to choose those that do not charge a fee to you.
- Do your calculations carefully – just a quarter of a percent difference on your mortgage could cost you €25,000 extra over the life of the mortgage (based on a €200K mortgage over 35 years)
Research is very important when buying a home but purchasers seem not to do the same amount of research when considering a mortgage. Some sage advice at this stage of the home buying purchase could save you thousands over the course of a mortgage.
What’s next when I have the right mortgage in place?
Once you have your mortgage in place we’d love to hear from you and impart our expert advice on how to get the best value for money in the Waterford property market. Liberty Blue Estate Agents would love nothing more than to find you your future family home or investment opportunity. Feel free to contact us on 051858182