What is a mortgage?
A mortgage is a loan taken out to buy a property or home.

What is mortgage insurance?
Mortgage Insurance is designed to repay the loan in case the borrower defaults on loan payments. There are a number of different types of insurance to cover possible situations where a borrower may be unable to repay a loan. Irish Mortgage Corporation offers a full range of insurance options.

How long does it take to get pre-approved?
Usually, it takes around 24-48 hours. However, based on your circumstances you may require up to 3-4 days for your loan approval.

Do I need to make a down payment?
Deposits are required on most homes, this is despite the availability of 100% financing.

When should I fix the interest rate on my loan?
There is no straight answer to this. If interest rates are going up, then locking into a fixed rate can be a wise move. However, if interest rates are near or close to their peak, you may find that locking into a fixed interest rate is not such a good idea.

What if I’m self-employed?
We offer mortgages specially to cater to customers who are self-employed or have no proof of income.

Can I switch over from one mortgage type to another?Yes. By opting for a refinance mortgage you can switch over from from a fixed to variable interest rate or vice versa.