Mortgage Services

Our award winning mortgage team has guided new mortgages and switching clients through the steps necessary to secure a mortgage best suited to their needs.

As lending criteria can vary from one lending institution to another it is vital to have the benefit of the best advice to ensure that you achieve the most appropriate mortgage loan offer at the most competitive rates available.

 

Mortgage Application Requirements

All necessary documents should be gathered in plenty of time prior to applying for your mortgage, for example the following documentation is required:

  1. Proof of Identity – copy of your passports or driver’s license.
  2. Last 3 months payslips.
  3. Salary Certificate.
  4. Employment detail summary for previous year which replaces the P60. This is available for all employees to print off from their Revenue Online Services (ROS).
  5. Last 6 months bank statements for your personal accounts & savings accounts.
  6. Last 6 months credit card statements if applicable.
  7. Last 6 months Revolut or Credit Union statements if applicable.
  8. Any other information you feel will enhance the application

Should you wish to apply for a new mortgage or switch your mortgage to a different lender in order to avail of more competitive mortgage rates please do not hesitate to contact us.

The importance of being pre-approved for a mortgage

When buying a home, getting a pre-approved mortgage is always a smart step when starting your home search. Home buying can be a daunting and intimidating task but by taking this measure, you are making the process that much easier. It may even give you an advantage.

When getting pre-approved, you are having a bank investigate your credit history so that your application for a mortgage can be determined. These pre-approvals do have a life-span, but it helps prove your home buying ability. This shows sellers how serious you are when putting an offer on a home.

With all of this said, getting pre-approved is not a speedy transaction. Even with the lengthy timeline, it is still worth the wait. Getting pre-approved requires starting the process before you even find a home you want to put an offer on. You will need to complete a mortgage application with the appropriate documents related to your financial history. (See our Mortgage Requirement List below) This allows the bank to determine how much money they are willing to lend you.

 

 

With this confirmation, you can modify your home search at that price point or lower. You can also estimate the interest rate you will be given at the end of the pre-approval process.

The advantage of all of this is that pre-approval allows for a quick moving transaction.

So if you are ready to buy a home, getting pre-approved is a smart move. Sometimes sellers won’t even look at buyers that don’t have pre-approval. Gain the competitive edge.

When you are an informed buyer, you’ll make the best decisions for one of the most important purchases in your lifetime.

We at Hegarty Financial Management are dedicated to bringing you the best service and insight. Contact us today to discuss your mortgage needs.

Mortgage Protection

Mortgage Protection is a life insurance plan which is required by the lenders when you take out a mortgage. It is vitally important that you have adequate cover in place to protect your home if the unexpected happens.
A mortgage protection plan will help clear off the outstanding balance on your mortgage if you or another policy holder dies during the term of the mortgage. Once approved for a mortgage we can arrange mortgage protection for you.

WARNING: IF YOU DO NOT KEEP UP YOUR REPAYMENTS YOU MAY LOSE YOUR HOME.

WARNING: THE ENTIRE AMOUNT THAT YOU HAVE BORROWED WILL STILL BE OUTSTANDING AT THE END OF THE INTEREST ONLY PERIOD.

WARNING: THE COST OF YOUR MONTHLY PAYMENTS MAY INCREASE.

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.

WARNING: PURCHASING THIS PRODUCT MAY NEGATIVELY IMPACT ON YOUR ABILITY TO FUND FUTURE NEEDS.

Please do not hesitate to contact us should you wish to discuss the above requirements in more detail or for further information.
We can be contacted by phone at (01) 4972544 or email info@hegarty.ie