Switch and Save Information
With Property prices on the increase the good new is that you may get a much better rate of interest on your mortgage by switching your mortgage to a cheaper lender. As reported by Charlie Weston’s in the Irish Independant of the 12th January 2015.
Central Bank of Ireland research reported in October 2020 says ‘exactly how much money you could save depends on lots of factors’. However our research shows that three in five people in Ireland could save €1,000 or more within a year of switching. And over 60% of switched mortgages are €10,000+ cheaper over the remaining term of the loan’.
If you had a €300,000 mortgage over 30 years on an interest rate of 4.25% you could save €374 per month (€4,488 per annum) on you mortgage repayment by moving to a cheaper rate of 1.95%.
This saving is better in your pocket than in the pockets of the greedy bankers.
With EDUC Mortgage Company switching is Easy.
You use your own Solicitor, Most Banks give you a contribution that covers your legal fees.
Call us today on 01-2995020 or apply on line to see how much you can save.
The only information you need is:
- Your current mortgage provider.
- Approximate outstanding mortgage
- Approximate value of your property
- Your current interest rate