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Lorraine Donegan
Contact Lorraine on 045 901201

Email: lorraine@doneganfinancial.com

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Refinance & Release Equity

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» Mortgages » Refinance & Release Equity

Refinance & Release Equity

You can do this to access equity in your home in the form of cash‚ to consolidate debts or for a better rate of interest. If you have had your mortgage for several years it is likely that you have built up equity in your home which you may be able to access‚ you also might be paying at a higher rate than people who are taking out brand new mortgages.

Refinancing may allow you to avail of a lower interest rate and you may be able to shorten the term of your mortgage

We can offer excellent equity release options for homeowners. Releasing equity in your family home could enable you to carry out home improvements‚ consolidate debt or purchase a holiday home.

Refinance Equity release to refinance existing short debt can free you from the ongoing monthly burden of large repayments.

Taking all outstanding loans and turning them into one loan at a lower interest rate than homeowners would normally pay for car loans‚ credit cards or personal loans. This is a more efficient way of meeting those monthly commitments.

Warning: Consolidating your loans could result in a higher cost of credit over the longer term.

Equity Release

Equity is the difference between the value of a property and the mortgage outstanding on the property. As property values have increased significantly in Ireland over the last number of years people can release the built up equity for other borrowing options. Typical reasons to take out an equity release loan would be

To purchase another property
To purchase a car
For home improvements
To pay for a holiday‚ wedding‚ college fees.

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:

YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT. THE LENDER MAY ADJUST THE PAYMENT RATES ON A HOUSING LOAN FROM TIME TO TIME. YOU MAY HAVE TO PAY CHARGES IF YOU PAY OFF A FIXED RATE LOAN EARLY.

Warning:

THE COST OF YOUR MONTHLY REPAYMENTS MAY INCREASE – IF YOU DO NOT KEEP UP YOUR REPAYMENTS YOU MAY LOSE YOUR HOME. YOU MAY HAVE TO PAY CHARGES IF YOU PAY OFF A FIXED-RATE LOAN EARLY.

Equity Release Warning:

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

For more information on any of the above or for a specific quote please email lorraine@doneganfinancial.com or contact Lorraine at 045 901 201

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Lorraine Donegan t/a Donegan Financial Services is regulated by the Financial Regulator as a Multi Agency Intermediary and also as a Mortgage Intermediary