Best Mortgage for 1st Time Buyer

In a word - no. There is no "one size fits all" mortgage and the best mortgage for you might be completely different from another FTB in similar circumstances but with different priorities. What are your priorities?

Sarah

www.rea.ie
 
There is no "one size fits all" mortgage and the best mortgage for you might be completely different from another FTB

Are you looking for a 100% mortgage or 92% (or 80%)?
(LTV [Loan to value - how much you borrow vs. how much your home is worth] makes a difference to the rate you'll pay)
How much is the mortgage your looking for? (again, higher amounts can get better rates but depending on your earnings and outgoings you may not get that amount)
Do you want a tracker/variable/interest only?
What term (time span) do you want it over?

If you give some details (earnings, outstanding debts etc etc) some of the experts here (such as Sarah above) would be able to give you an idea of what amount you may be able to achieve.

Lots of discussion on mortgages on AAM, take some time to read through as much as you can and build up your knowledge of whats available and what might be the best route for you.
 
If you want to know how much you can borrow, you'd need to answer the following quesitons: (if you're comfortable to do so)

1) Basic Yearly Salary?

2) Overtime \ Bonuses \ Commission?

3) Age? Status? Kids?

4) How long you are working? Are you permanent?

5) All loans you have? Monthly Repayments?

6) Savings?

7) Are you looking for 100% or 92%?
 
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