Can't find the answer here? Check out our general FAQ.
- What factors determine the list of products that are displayed in the results?
- Explain the results when I choose every product and every lender?
- Can I find products using criteria other than lowest overall cost?
- What happens when I click on a product?
What factors determine the list of products that are displayed in the results?
Irish mortgage lenders are constantly changing their lending policies and criteria. Our mortgage repayment calculator was developed to ensure that you can correctly compare the alternatives available on the mortgage market as they relate to your specific circumstances.The results will display the products offered by Irish Mortgage lenders that match your input criteria. For example, if you are looking for a 92% mortgage the calculator wil not dispaly a lender offering a max facility of 80% etc. Below the results you will find a link to all similar products, should you wish to view other product offerings that your input criteria did not match.
Explain the results when I choose every product and every lender?
In the advanced option section you can choose a wide variety of search analysis tools.If you select every product and every lender the calculator will output the best priced mortgage in each product catagory. For example, in November 2009 one lender may have the best rates across a range of products and as a result they will appear as top lender in many products.
Give yourself some time to review the Advanced option results to gain familiarity with the divergence of mortgage products on offer.
Can I find products using criteria other than lowest overall cost?
Yes. Use the Sort Order in the advanced options to use a different criteria for listing products.Your planned mortgage time horizon may well be less than the full term of your mortgage. Perhaps it is only 5 years after which time you plan to move. In these circumstances you might want to compare mortgages over 5 years.
For example: you might want to know which product has the cheapest first year payment.
What happens when I click on a product?
As you hover your mouse over a product the total repayments will appear on your screen. This is the total you will pay back over the selected time period.It is quite interesting to compare the huge divergence between best and worst prices.
If you select a product by clicking, you will link to a products detail page where you can also stress test the loan for changes in interest rates, calculate your tax relief, and see the impact of increasing your monthly payments.