Mortgage Advice

Mortgages for first time buyers
Mortgages are still available from some lenders for up to 92% of the property you are hoping to purchase. We can arrange a mortgage for you over up to 35 years to help improve your affordability and reduce the repayments for you as much as possible while you are getting started. You can reduce the term of the mortgage at a future date by paying off lump sums against your mortgage or increasing your mortgage repayments when you feel you can afford to do so.

Variable Rate Mortgage
A Variable Rate Mortgage is where mortgage payments can go up or down in line with the market. Warning: The cost of your monthly repayments may increase - If you do not keep up your repayments you may lose your home.

Fixed Rate Mortgage
A Fixed Rate Mortgage has a fixed or unchanging repayment amount every month for a predetermined period of time ie 3 years. Warning: You may have to pay charges if you pay off a fixed-rate loan early.

Remortgages
Switching your mortgage to another lender is still possible as long as the value of your property does not exceed the new mortgage amount by the ltv limits set by the lender(see ltv*). If you feel unhappy with the mortgage interest rate or service your mortgage lender provides, you can still switch your mortgage. Call Mortgage Aid today for more remortgage information on 0868113763 or e-mail info@mortgageaid.ie.

Trade up Mortgages
If you are moving house we can arrange your new mortgage, well in advance of doing so, to make the whole transition easier, to give you ample time to sell or let your current property. Mortgage Aid will help you out in anyway we can.

Top Ups to existing Mortgages
If your mortgage is low and you have significant equity in your family home to consolidate loans, or do some much needed home improvements we can offer this top up mortgage facility to you, whether or not you are existing customers of Mortgage Aid.

Home Improvements
If you wish to do some much needed home improvements and cannot get short term funding from banks because of your credit status, you can release the equity you have in your home, by increasing your mortgage to cover these costs at the same low interest rates offered on your main mortgage.

Warning: This new loan may take longer to pay off than your previous loans. This means you may pay more than if you paid over a shorter term.

Equity Release Mortgage for over 60's
If you own your own home and have no mortgage on your property now could be the perfect opportunity to release some of the value in your home to do home improvements and make life easier for yourself or perhaps help a son or daughter get a deposit for a new home or wedding. The process is simple with no repayments until you sell the property or pass it on to your estate in your Will, and you will always have the option of paying the loan off at any time with no penalties, if you have the money to do so. Please call Mary today on 086 8113763 or email mary@mortgageaid.ie for more information.

Commercial Mortgages
Mortgage Aid offers commercial mortgage services to anyone wishing to purchase a property for the purpose of a new or existing business venture. Interest rates and lending criteria differ from those for home loans so please call Mary on 0868113763 or email mary@mortgageaid.ie for more information today.

*ltv = loan to value ie., LTV = 80% then max mortgage you can borrow will be 80,000 if your property is valued at 100,000