It’s brutal out there!
There is just mortgage madness out there! The housing crisis continues to escalate.
The Central Bank says “significant house price growth” will continue this year and next. “One paradox of the pandemic is that, while job losses are at a scale never seen before, the strength of economic activity in unaffected sectors combined with the level of additional savings owing to a lack of spending opportunities, precautionary behaviour and direct fiscal support, mean that there is ample scope for a liquidity-driven growth in house prices coinciding with never-seen-before economic disruption in some sectors,” Central Bank governor Gabriel Makhlouf said last week at the publication of the regulator’s latest Financial Stability Review.
Therefore, with demand at an all-time high and the availability of new homes at a low, you might be wondering if your dream home is still possible? Well, that’s where we can help!
If you are planning to enter the mortgage market, you don’t need another lengthy article on how tight the market is out there.
As financial planners, ways to reduce mortgage costs are one of the most common concerns we come across.
However, by having a solid financial plan in place, you have the best chance to get your foot on the property ladder and be in the position to make a competitive offer.
So, whether it is building your home from the ground up… getting that apartment, or buying a house…
Together we can help you be ready for whatever the housing market throws at you.
To make your dream home a possibility here are our top ten tips to help minimise mortgage loan costs.
