How much mortgage can I get a question that is often asked when you scour the internet, on Google there may be hundreds of results that can help you calculate a mortgage.
However, since the financial crisis, the rules have been tightened by the banks, it was more the rule than the exception to take out a top mortgage, the situation has changed completely and it has even become more difficult to get a 100% mortgage .
How much mortgage can I get?
The easiest way to see what you can borrow for a home is to use an online mortgage tool, which allows you to enter your income details and your personal circumstances.
You will then see what the maximum amount is that you can request, please note that this is only indicative and may change later. You can then choose to request a quote online immediately, this is without obligation so you are not committed to anything.
How much as a starter
For those who are going to look at a mortgage for the first time, the so-called starters, there are different conditions. To start with, you do not already have a house to buy and furthermore, the lender must be able to properly estimate what your income is from you and possibly your partner.
A so-called top mortgage is often not available, but a full mortgage is often available. It also makes a difference if you already have a house in mind, then it is better to estimate what the risks are.
What type of mortgage can I take?
There are many types of mortgages in the Netherlands, but the best known are: Annuities mortgage (constant monthly amount, decreasing tax benefit, you pay and interest and repayment), interest-only mortgage (you only pay interest, monthly amount constant and you pay off the rest of the debt at the end of the term) and the linear mortgage (after a while the monthly amount becomes lower, you pay the monthly interest and repayment, the tax benefit becomes smaller over time.
For more information about mortgages, also visit the Consumers’ Association website, with lots of tips and things worth knowing about this topic. After all, it is something that you do not do every day, so it is important that you inform yourself well in advance about the advantages and disadvantages of the various loan forms.