John F. Loughrey & Associates Ltd. t/a The Mortgage Centre is regulated by the Central Bank of Ireland.
The self-build home & renovation market in Ireland and especially Donegal has grown rapidly in recent years and although the economy has seen a downturn in recent months in the residential development market, we have not experienced a downturn in the one-off self-builds.
A tracker mortgage is one that has an interest rate that ‘tracks’ the prevailing European Central Bank (ECB) interest rate. At the moment the ECB rate is 4.0% and if you have a mortgage that tracks the ECB rate at a margin of + .95% your mortgage interest rate will be 4.95%. As the ECB rate moves up and down, your tracker mortgage rate will automatically move up and down by the same amount.
Whether you have a mortgage now or are buying a new home it is important to review mortgage related products which are designed to protect you.
Mortgage protection insurance is a protection product that you take out on your life and it is assigned to your mortgage. The policy is designed to pay out a lump sum of money, equivalent to the amount of your mortgage in the event of your death.
With a large amount of mortgage deals now on offer in Ireland choosing the right mortgage product is like working your way through a very large overgrown maze. The Mortgage Centre can help you work your way through the maze with the help of one of our Qualifed Advisors.
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