Below you will find our 5 Step Mortgage Process. There are many reasons why you should use the Irish Mortgage Corporation including:
- Ireland’s longest established mortgage broker – est.1990
- Award winning with expert advice from qualified advisors
- Full digital journey from comfort of your home with:
- Interactive online application portal & Zoom meetings
- Access to our professionals panel (solicitors & surveyors)
- Impartial advise with access to all lenders
- Central Bank Exceptions available
- The lender pays us – you don’t!
- One stop shop
1. Initial Assessment
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- Assist you in compiling the documents required
- We will identify your needs, research the mortgage market & provide feedback
- Provide you with an indication on the likely mortgage amount available
- Advise you on interest rate options, term and special offers available
- We’ll give you a very clear estimate on timelines
2. Formal Assessment
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- Within 3 business days of receipt of your application we will confirm we have everything or tell you what additional documents we need
- We will prepare & submit your mortgage application & liaise directly with the preferred lender
- Then within 10 working days, we will advise you of the lender decision
- If it is taking longer, we will tell you why & when we expect a decision
- Obtain formal Approval in Principal (AIP) on terms sought
SWITCHER
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- Switcher applications: we will provide an indicative comparison between the total interest payable over the remaining term of your existing mortgage compared to your new one
- Provide you with comprehensive comparisons to show:
- Amount of interest you could save by switching your mortgage
- Monthly repayment savings
- Term reduction benefits if keeping your current repayment
3. Mortgage Protection
- Advice on protecting your home, your income and your family.
- Fully automated / digital mortgage protection journey
- Access to the unique Irish Life OnePlan product – combines benefits that provide peace of mind in one plan that suits your budget, at no extra cost.
- Assess the suitability of your existing policies and arrange suitable replacements if necessary.
- Manage your protection application through to “in-force” date.
4. Loan Offer
(once property identified or SWITCHING MORTGAGE)
- Administer any loan conditions and mortgage valuation
- Obtain formal Loan Approval from the preferred lender
- Confirm all in order and as agreed
5. Mortgage Cheque Issued
- Co-ordinate with your solicitor
- Resolution of outstanding items in a speedy fashion
- House Insurance & mortgage protection co-ordination
- Where we are arranging your mortgage protection we work closely with the provider throughout the “in-underwriting” process
- (Note: highly recommended to let us arrange this to ensure no delays)
- Ensure loan funds can be released by the lender when required
