FAQ about Mortgages
General
What is the maximum mortgage I can get?
The maximum mortgage amount you can get depends primarily on your income and existing obligations. This includes things like loans, private leasing or a credit card. If there are no obligations, a rough estimate is your annual salary multiplied by 4 to 4.5. Your borrowing capacity is always discussed in an introductory meeting.
Why would you get a mortgage with the Dutch National Mortgage Guarantee (NHG)
- You will almost always get the lowest fixed interest rate from a lender.
- NHG will help you when there is a debt left when you have to sell your house. They will look at your situation and will sometimes pay the debt for you. This can happen in case you break up your relationship, in case of disability, death of your partner or when you lose your job without your intention.
What do you need to apply for a mortgage in the Netherlands?
- You will need a steady income. This is the case if you have an indefinite contract or if your employer wants to sign a document that states that they will provide an indefinite contract after your current contract.
- You will need to have a residence permit. This does not always have to be an indefinite residence permit but it is important that it is your intention to stay in the Netherlands for a long period of time.
- Sometimes lenders will require some additional terms but this will always be discussed.
I am an entrepreneur. How will a lender look at my income?
If you are an entrepreneur your income can vary from month to month. That is why lenders will take the average income from the last 3 years. If your earnings in the most recent year were lower than the average than the lender will take the income from the last year as income.
Can I take my current mortgage to a next house?
Yes, with most lenders it is possible to transfer your current mortgage rate contract to a new home. The conditions that apply to do this vary per lender. In addition, there may be a surcharge on the interest rate you are currently paying because you are moving from a mortgage with NHG to a mortgage without NHG or because the loan to value rate changed. Always schedule a meeting with an advisor to ask what applies in your situation.
Prices
Why is there a surplus for entrepreneurs?
It is more difficult to determine the income of an entrepreneur. This means that it will take extra work to help you. Additional activities may be applying for an income statement from an external accounting party. We believe that work and pay should be in proportion that is why we ask the surplus.
I do not need a life insurance or disability insurance. Can I get a discount?
No, It is not possible to get a discount if you not need an insurance. Of course we will calculate for you if it is necessary to get an insurance. The reason why we do not charge an additional fee for the insurance is that we do not want it to be a deal breaker.
What does it cost to have something adjusted to my mortgage?
That depends on the change. Some simple changes are free of charge. Otherwise, the applicable fees will always be discussed in advance. Unfortunately, we are forced to charge for some actions as no subscription will be taken out. If the mortgage goes well, you will therefore have no additional costs.
Why does it cost so much to increase my current mortgage?
In terms of activities, increasing the mortgage is almost the same as applying for a mortgage. Lenders want to know you current situation. For example there need to be a recent taxation report of the house and they also need proof of your current income. This also applies if the mortgage is registered for a higher amount than the initial mortgage. Probably you only do not have to go to the notary again.
What additional fees may apply?
There may be different costs associated with the mortgage application. This is situation specific and may also differ from the examples below. The following costs may apply:
- Valuation report
- Notary costs
- Bank guarantee
- IIncome determination entrepreneur
- Architectural inspection
- Perspective statement
- Transfer tax
Contact
When do you plan the first meeting?
If it is up to us we meet as soon as possible in the process. Not only may it be required by a real estate agent it brings a lot of insight for you as well. You will get to know what the possibilities are and what this will mean for your average monthly costs.
Can I do a bid on a property after our first meeting?
Yes, it is possible to do a bid on a property after our meeting. Nevertheless we always ask you to get in touch with us to discuss the bid and to check if nothing changed in the meantime. Of course we will also discuss the conditions you can add to your bid.
I would like to schedule a meeting but the available times in the planning software do not fit in my agenda. What can I do?
It is of course possible that the available times do not suit you. Please sent an email to info@homeloan.nl with some proposals. We will check what the options are.
Can I come to your office for a meeting?
Of course, I will welcome you at the office. The office is located near Eindhoven Central Station. Click Here for the directions.
Why do I get 2 mails after scheduling a meeting?
The first email is the confirmation of the appointment. After we received the confirmation, we will make a customer portal and sent an invitation. Here you can upload some documents and we would like you to fill in our questionnaire. This will help to discuss all the necessary subjects.