We are FTB and have gone sale agreed on a property for 400k+ and will have a LTV rate of 60%.
Normally I am very financial aware and do my own research but due to life being busy, being unfamiliar with mortgages and a friend recommending a broker I decided to happily go along with their recommendation.
We received AIP with KBC a few months ago. We didn't receive a full breakdown of all the other options but we're informed kbc would be the best for us. They noted they stayed away from gimmicks which seemed fair and also noted KBCs track record.
Now it seems KBCs track record is gone but the broker stands behind their recommendation.
We have sought a second opinion from a different broker and they recommend PTSB because of their gimmick of cash back. I must admit it's tempting but I've read about potential risks on here.
Reading more it seems like we would qualify for Avant. There is no gimmick but a much better rate. 1.95 avant vs kbc 2.25 and 1500 to solicitor fees.
Some questions.
Where I see comparisons on here it usually just looks at repayment rate. But do I not need to look at what the closing balance will be on the capital at the end of the 3 or 5 years etc?
Is it too late for me to now apply for approval with avant? Am I skipping approval and just looking for the loan? We just closed but hope to get keys in 8 weeks.
Can I get loans approved for more than one bank? And just draw down the one I want. I guess the only issue will be paying for two valuations?
There's so much involved as a FTB it's hard to be on top of everything. I feel I dropped the ball on this. My focus was on the house then bidding.
Normally I am very financial aware and do my own research but due to life being busy, being unfamiliar with mortgages and a friend recommending a broker I decided to happily go along with their recommendation.
We received AIP with KBC a few months ago. We didn't receive a full breakdown of all the other options but we're informed kbc would be the best for us. They noted they stayed away from gimmicks which seemed fair and also noted KBCs track record.
Now it seems KBCs track record is gone but the broker stands behind their recommendation.
We have sought a second opinion from a different broker and they recommend PTSB because of their gimmick of cash back. I must admit it's tempting but I've read about potential risks on here.
Reading more it seems like we would qualify for Avant. There is no gimmick but a much better rate. 1.95 avant vs kbc 2.25 and 1500 to solicitor fees.
Some questions.
Where I see comparisons on here it usually just looks at repayment rate. But do I not need to look at what the closing balance will be on the capital at the end of the 3 or 5 years etc?
Is it too late for me to now apply for approval with avant? Am I skipping approval and just looking for the loan? We just closed but hope to get keys in 8 weeks.
Can I get loans approved for more than one bank? And just draw down the one I want. I guess the only issue will be paying for two valuations?
There's so much involved as a FTB it's hard to be on top of everything. I feel I dropped the ball on this. My focus was on the house then bidding.