We were pleased to feature in studio with Sharon Ni Bheolain of Six One news on the topic of the CSO Property Price index.
You’ve a 25-year tracker mortgage of €250,000. If switching from your tracker rate of 2.25 per cent to the standard variable mortgage of 4.19 per cent, you would need a €47,000 payoff to break even, according to Karl Deeter, head of customer advice with advisors.ie. You would have to use this €47,000 to reduce the amount you are borrowing — so instead of borrowing €250,000, you borrow €203,000.
Filed in Accountancy, Advisors.ie In the Press, Economics, Financial Advice, Mortgages, Savings
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Also tagged accountants, advisors, financial advice, financial advisors dublin, louise mcbride, trackers
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Can I release equity in my home under age 55? Question: Can you tell me if it’s possible to release equity in my home prior to reaching the age of 55? I own my home outright and have no family to pass it on to when I die. I bought my house last October but it needs a great deal of upgrading which I have very little prospect of being able to afford any time soon.
Filed in Accountancy, Advisors.ie In the Press, Debt, Financial Advice, Mortgages
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Also tagged age mortgage, how old can you mortgage, irish times, ltv, mortgage advice, mortgage questions, mortgage rates, remortgage
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Wednesday’s Today with Pat Kenny (RTÉ Radio 1, weekdays) provided a more less heartening illustration of contemporary mores. The economist Jim Power and the mortgage broker Karl Deeter were in the studio to discuss AIB’s tentative debt-forgiveness proposals for distressed mortgage holders.
Filed in Accountancy, Advisors.ie In the Press, Banking, Debt, Economics, Financial Advice, Mortgages
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Also tagged acca, accountants, debt forgiveness, dublin accountancy, financial, irish mortgages, jim power, pat kenny, pat kenny show, provision for bad debt
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The Morning Show with Sybil and Martin covered the recent auction in Dublin, we were delighted to take part
Wednesday, April 13, 2011
The enormity of the black hole facing banks and taxpayers is summed up by Economist David McWilliams today who says that “the banks will take €500 million a week out of the economy for the next two years”. It is a gloomy summary of our predicament – and a crisis that has squeezed homeowners, taxpayers and businesses. One sector has been given a glimmer of hope by AIB. The bank yesterday suggested that it might write off the debt of struggling borrowers. Debt forgiveness for those with mortgages they can’t repay. Joining Pat was Karl Deeter, Operations Manager with Irish Mortgage Brokers and Jim Power Chief Economist with Friends First.
Filed in Accountancy, Accountant, Advisors.ie In the Press, Financial Advice, Mortgages
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Also tagged debt forgiveness, debt management, debt reduction, debt writedown, jim power, mortgage debt forgiveness, pat kenny
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TV3 piece by Brian O’Donovan on the ECB rate increase: featuring Irish Mortgage Brokers and commentary was regarding the effect that the rate increase would have on households with mortgages
Filed in Accountancy, Advisors.ie In the Press, Financial Advice, Mortgages
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Also tagged accountants, accountnacy dublin, brian o'donovan, debt, dublin 2 accountants, financial advice, liquidations, mortgages, tv3
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Conor Pope of the Irish Times speaks to Karl Deeter on the topic of ECB interest rate increases and how it will affect home owners. The podcast was part of the regular weekly business series available on the Irish Times website
“It is probably going to be the first of several moves but how close those moves come together and how aggressive those moves are is something that remains to be seen,” said financial analyst and mortgage adviser Karl Deeter.
Conor Pope wrote in the Irish Times: “It is probably going to be the first of several moves but how close those moves come together and how aggressive those moves are is something that remains to be seen,” says financial analyst and mortgage adviser Karl Deeter. “Unfortunately there is only a lower limit on interest, there is no upward limit and in theory rates can go as high as they want to. If you look at our total number of mortgages and the number that are in distress versus where we probably should be, it is clear that thus far the low rates have has actually served us well and saved the country from having a much larger problem,” Deeter says.
Filed in Accountancy, Advisors.ie In the Press, Banking, Economics, Mortgages
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Also tagged brokers, conor pope, deposit rates, ecb rate hike, ecb rates, finance, irish times, mortgage, mortgages, tracker mortgages
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