Mortgage Information
All you need to know about your mortgage
When purchasing a home, the mortgage plays a significant role. Choosing the right mortgage not only impacts your monthly payments but also your future financial opportunities. Therefore, it's important to be well-informed before making a decision.
We are happy to assist you with clear information and can connect you with independent mortgage advisors if desired.
What is a mortgage?
A mortgage is a loan you use to finance a home. The home serves as collateral for the lender. You pay monthly interest and usually also a repayment amount.
The amount of your mortgage depends on factors such as:
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Your income
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Any debts or financial obligations
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Personal savings or equity
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The value of the property
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The current mortgage interest rate
How much can I borrow?
The maximum mortgage amount is determined based on your financial situation and the applicable mortgage standards.
Factors that play a role include:
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Gross annual income
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Income of a potential partner
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Permanent or temporary employment
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Self-employment
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Ongoing loans
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Alimony obligations
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Energy label of the property
A mortgage advisor can make an accurate calculation of your maximum loan amount.
What types of mortgages are there?
Annuity mortgage
With an annuity mortgage, you pay a fixed gross amount each month. Initially, you pay relatively more interest and less principal. As the term progresses, you repay more and more of the principal.
Advantages:
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Fixed monthly payments
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Gradual repayment
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Suitable for many home buyers
Linear mortgage
With a linear mortgage, you repay a fixed amount each month. This causes your monthly payments to decrease over the term.
Advantages:
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Faster repayment
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Lower total interest costs
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Decreasing monthly payments
Mortgage interest
The mortgage interest rate largely determines your monthly costs. You can choose different fixed-interest periods, for example:
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1 year
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5 years
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10 years
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20 years
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30 years
A longer fixed-interest period offers more certainty, while a shorter period can sometimes result in a lower interest rate.
Personal funds for purchase
In addition to the mortgage, you must account for additional costs that usually cannot be fully financed.
These include:
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Transfer tax
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Notary fees
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Valuation costs
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Advice and mediation costs
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Potential renovation costs
Therefore, it is wise to have an overview of your available personal funds beforehand.
National Mortgage Guarantee (NHG)
In some situations, you can make use of the National Mortgage Guarantee (NHG).
Advantages of NHG:
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Often a lower mortgage interest rate
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Additional security in case of financial difficulties
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Responsible financing
Whether you qualify for this depends on the purchase price of the home and your personal situation.
Mortgage advice
A good mortgage is custom-made. Therefore, we always recommend having a conversation with a recognized mortgage advisor.
An advisor can help you with:
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Calculating your maximum mortgage
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Comparing lenders
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Insight into monthly payments
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Choosing a mortgage type
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Applying for the mortgage
We work with reliable and independent mortgage specialists who can provide expert guidance.
Frequently Asked Questions
Can I buy a house without personal funds?
In most cases, you will need personal funds for the additional costs associated with buying a home.
How long does a mortgage application take?
On average, a mortgage application takes between 2 and 8 weeks, depending on the situation and required documents.
Is a mortgage consultation non-binding?
For many mortgage advisors, an initial exploratory consultation is non-binding. Inquire about the conditions beforehand.
Need personal advice?
Would you like to know your financial possibilities or are you looking for a suitable mortgage for your new home?
Contact us for a non-binding consultation. We are happy to connect you with an experienced mortgage advisor.
Together, we will lay a solid financial foundation for your new home.