Alison Fearon from Switcheroo.ie mortgages discusses latest trends in the mortgage market
Are you in the market for a new home and unsure where to start? Finding the right mortgage can be a daunting task, but luckily, there are experts who can help make the process smoother and more manageable. Enter mortgage brokers.
Mortgage brokers are professionals who use their extensive knowledge of the mortgage market to help borrowers find the best lenders and deals available. They can assist with paperwork, negotiate with lenders, and secure an Approval in Principle (AIP) to speed up the approval process.
In Ireland, there are two types of mortgage brokers: tied and independent. Tied brokers are affiliated with one or a select group of lenders and can only recommend mortgage loans from those sources. Independent or "whole of market" brokers, on the other hand, offer home mortgage loan deals from lenders across the entire market, giving borrowers access to a larger list of options and more impartial advice.
Mortgage brokers can be especially helpful for first-time homebuyers who may be unfamiliar with the process. While many people may consider going through their bank for a mortgage, they may miss out on better deals and rates offered by mortgage brokers who can access offers not available directly to customers. Brokers can also handle queries and paperwork, saving borrowers time and effort.
It's important to note that some mortgage brokers may charge a fee or earn a commission from the cost of the loan for their services. However, many borrowers find the convenience and peace of mind offered by brokers to be well worth the cost. Switcheroo.ie does not charge customers any fee.
When you get in touch with a us, we will discuss your needs and preferences and help you organise the necessary paperwork. We will then research available offers through their lender networks and present you with a summary of options and special recommendations. If you happy with the mortgage product, we will assist you through the process until you drawdown your mortgage.
Mortgage brokers can be an invaluable resource for homebuyers looking to secure the best mortgage loan for their needs. They can help navigate the complex mortgage market, streamline the application process, and ultimately save you time and money. So if you're in the market for a new home, consider reaching out to one of our team at Switcheroo.ie to make the mortgage process seamless.
If you are considering this or any other mortgage product, be sure to get professional advice and register at Switcheroo.ie
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