John F. Loughrey & Associates Ltd. t/a The Mortgage Centre is regulated by the Central Bank of Ireland.
Re-mortgage quite simply means switching from your current mortgage provider to another; this is normally done to achieve a better rate of interest and ultimately to save money.
It is also possible subject to lending criteria to increase the amount of the mortgage loan during the transaction, this is known as capital raising and the extra money for example may be used for home improvements. Please note each lender has different criteria as to what they will allow capital raising for.
Re-mortgaging is often wrongly associated with getting into more debt or the solution to a bad situation. This is not true, Re-mortgaging should be considered as an excellent opportunity to save money or to enhance your home.
At The Mortgage Centre we have access to some Re-mortgage options available and due to our independent status you can benefit from our research in order to obtain the best solution to meet your circumstances.
Re-mortgaging could form a part of your ongoing financial planning and at The Mortgage Centre, Letterkenny we are ideally positioned to find the best possible solution to fit your requirements and remember our advice is FREE!
A new valuation will need to be carried out on your property and there will be a cost for this and in addition there is a process known as “conveyancing” that you will need to go through. This is the legal process of transferring the current title deeds of the property from the existing lender over to the new lender.
Contact one of our Qualified Financial Advisors for Independent Advice
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