Irish Mortgage Corporation

Mortgage Options

Buying A New Home

Looking to trade-up from your current home to a new home or looking for a mortgage to help you make that move? Irish Mortgage Corporation offers you the widest choice in mortgage options to help you make your move without the hassle of doing it yourself. Talk to one of our professional advisors about taking out a new home mortgage today and discover for yourself how a new home mortgage solution can work for you!

Home Improvements

A home improvement loan can help you! It’s a great option for homeowners. You can avail of some ot the lowest interest rates and flexible repayment options that suit your budget. We will assist you every step of the way as you apply for an online home improvement loan

Equity Release

Get some additional cash at the best mortgage rates with an equity release mortgage!

Top Up

A simple way to keep your mortgage and get a little extra cash!

Mortgage Type

There are many mortgage types available on the market, which is why it is more important than ever to shop around for your mortgage. Mortgage types include:

• Annuity mortgages – this is the most popular type of mortgage for homeowners and first time buyers
• Interest-only mortgages – very popular with investors
• Split interest mortgages – great if you can’t decide between a variable or fixed rate mortgages – best of both worlds!
• Split term mortgages – perfect if you are paying off additional debts ensuring that short term loans are repaid over the short term
• Capped mortgages – guarantees some protection against rising interest rates
• Offset mortgages: Offsets your mortgage by linking it to your savings or current account

Our website aims to make your mortgage experience very simple and hassle free! We guarantee that we will work hard to get the best rates and a mortgage process so simple that you can leave all your doubts behind! Check out the options and choose one that suits your requirements the best. Our professional mortgage consultants will guide you through every step of the mortgage process.

Interest rate types

There are two types of interest rates:

1. Fixed
2. Variable

Fixed interest rates are fixed for a specific time (i.e. 1-year all the way up to 10-year and more in some cases). While your mortgage has a fixed rate of interest, your mortgage repayment remains unchanged.

Variable interest rates – there are 2 types of variable interest rates: Standard and Tracker
With a standard variable rate, the interest rate is managed by the bank and adjusted accordingly.

Tracker interest rate mortgages are ‘tied’ to the European Central Banks base rate.

Warning: The cost of your monthly payments may increase, if you do not keep up your repayments, you may lose your home.
Warning: The entire amount you have borrowed will still be outstanding at the end of the interest-only period.
Warning: You may have to pay charges if you pay off a fixed-rate loan early
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.