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Looking to get a mortgage or large loan using my apartment as an asset

  • 02-12-2023 04:14PM
    #1
    SMI
    Registered Users, Registered Users 2 Posts: 173 ✭✭


    Hi,

    A 2 bed apartment came into my ownership from an inheritance this year.

    I'm currently renting it out, but am strongly considering using it to raise capital that I can use elsewhere.

    I don't have much insight or experience with this side of finances.

    Is there any first port of call that people would recommend, or reputable independent financial advisers.

    Or any obvious pros & cons of a looking for a large loan vs a mortgage.

    I'm assuming the rates for the mortgage over its lifetime would be cheaper than a loan.

    Another factor in my decision making is timeframe, i.e the quicker I get the funds the better



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