The Refinance Process
The 2008 – 2010 Credit Crunch has transformed Ireland’s mortgage market.
Over the last 18 months we have seen lots of mortgages being withdrawn from the market, we’ve witnessed competition being turned on it’s head (with some of Ireland’s cheapest lenders becoming a lot more expensive) and we’ve experienced lending criteria tightening up very significantly.
With all the changes in the market, it’s never been more important to do your research to ensure you pick the right mortgage.
We use a 3 step process, to help you pick the most suitable mortgage:
- We review your personal circumstances.
- We research the mortgage market to identify your options.
- We recommend a solution.
Request a no-obligation review
Download our Free Guide to Refinancing During the Credit Crunch.
Get a Refinance Quote
Lending criteria changes all the time.
There’s only one way to find out what size mortgage you’d qualify for… and that’s to make a brief no obligation enquiry.
It takes 3 minutes to make an online mortgage enquiry - we’ll let you know what size mortgage you’d qualify for and what your monthly repayments would be. There’s no obligation.
Free Guide to Refinancing During the Credit Crunch. Includes:
- 8 Top Tips you MUST know before you refinance
- The 5 minute exercise which improves your chance of being approved.
- How some simple restructuring of your loans will save you €1000’s every year
- How to pay off your mortgage more quickly
- The advantages & disadvantages of refinancing
- When it can be a bad idea to refinance
- Which banks are really ‘Open for Business’
- How a 3 minute questionaire could save you anything from a few €100 to a few €1000, even if you decide not to switch mortgage lenders
- These Simple Tips will save you €1,000’s no matter what Bank you take your mortgage from!!!
- This guide contains the most up to date information available (updated September 2009)
To claim your free guide, fill in your name & email address below:
About Refinance.ie
Refinance.ie is a website operated by Mortgages Direct, Ireland’s mortgage refinance specialists. Since launching in 2000, we have become one of Ireland’s largest mortgage brokers.Free Refinance Guide
Free Guide to Refinancing During the Credit Crunch. Includes:
- 8 Top Tips you MUST know before you refinance
- The 5 minute exercise which improves your chance of being approved.
- How some simple restructuring of your loans will save you €1000’s every year
- How to pay off your mortgage more quickly
- The advantages & disadvantages of refinancing
- When it can be a bad idea to refinance
- Which banks are really ‘Open for Business’
- How a 3 minute questionaire could save you anything from a few €100 to a few €1000, even if you decide not to switch mortgage lenders
- These Simple Tips will save you €1,000’s no matter what Bank you take your mortgage from!!!
- This guide contains the most up to date information available (updated September 2009)
To claim your free guide, fill in your name & email address below:
Are the banks really open for business?
With all the talk about the recession, the credit crunch, and NAMA, the two most common questions I hear these days are:
1. Are the banks really ‘Open For Business’?
2. If I apply, would I get mortgage approval?’
First things first – there is finance available – at least with a few of the lenders.
It is fair to say that the amount of finance available is much more limited than before and the banks are ‘cherry picking’ mortgage applicants.
For example, we are seeing examples of people who would have qualified for big mortgages 18 months ago, struggling to get approved right now.
I guess the more important question is ‘Would I Get Approved?’
As a rule of thumb, the people who have the best chance of getting finance at the moment are those with secure jobs, who are looking for relatively small mortgages in comparison to the current value of their home.
But there’s really only one way to find out for sure – if you let us know your current circumstances, we can calculate how much you qualify for.
The process we use is pretty simple:
1. We’ll review your details and we’ll let you know how much you would qualify for in today’s market.
2. If you don’t qualify for a big enough mortgage right now, we’ll keep your details on file, and we’ll let you know when lending criteria loosens up. (With NAMA, this could be sooner rather than later).
3. We’ll offer you a no obligation financial review to see if we can save you some money, right now (whether you decide to remortgage or not).
Over recent months, we’ve been doing financial reviews for our existing clients, and it’s become pretty clear that most home owners are paying too much for their mortgage protection and life insurance (in some cases, far too much).
The reviews have helped lots of people make big savings – anything from a couple of hundred to a couple of thousand euros, so hopefully we can save you some money, one way or another.