Mortgage 101

What is a mortgage or a home loan?

A mortgage is a debt instrument giving conditional ownership of an asset, secured by the asset being financed.

Good to know:

  • Loan-to-value (LtV)  is a ratio, expressed as a percentage, of the requested
    amount of your mortgage divided by the purchase price or appraised value of your home.
  • Loan-to-income (LtI) is a ratio, expressed as a sum, after considering
    multiple factors such as your monthly income, employment history, and creditworthiness.

Which mortgage forms are available in the Netherlands?

When we talk about mortgage forms, we talk about the amortization. For new mortgages, there are only three mortgage forms possible. Each has its pros and cons. Which one is a good fit for you? That depends on your situation.

Click here to read more about mortgage forms in the Netherlands.

  • Monthly payments stay on the same level
  • Interest payments decline over time
  • Zero debt at the end of the duration
  • Repayments stay on the same amount
  • Interest payments decline over time
  • Zero debt at the end of the duration
  • Monthly payments stay on the same level
  • You only pay interest during the duration
  • Repay your debt at the end of the duration

Good to know:

  • The maximum Loan to Value (LtV) is 100%.
  • Your partner can increase the maximum Loan to Income (LtI). We use 70% of your partner’s income to increase the total income.
  • Mortgage interest deduction on a new mortgage is only possible with an annuity and a linear mortgage.

Why choose Mister Mortgage as your independent financial specialist?

  • We are fast: Close a mortgage in two weeks.
  • We are independent: We work with more than 25 lenders.
  • We are transparent: Based on our advice, you choose the lender.

Unsure if you can apply for a mortgage because of your specific situation?

We can help you, if:

  • you have a temporary residence permit.
  • you are eligible for the 30% ruling.
  • you want to buy to let.

Let us guide you through the entire process.

What to consider when buying a home

Make sure you’re well-informed when buying your home. Buying a home means that you’ll face one of the biggest financial decisions in your life. Some important questions are:

  • Can you apply for the required mortgage, including a reservation for maintenance?
  • Do you feel comfortable with the monthly payments for the required mortgage?
  • Does the property have leaseholds?
  • Can you still comfortably pay the interest or the lease payments when it’s increased in the future?
  • Did you have a walk through the neighborhood?
  • How is the maintenance of the property?
  • How is the sound insulation?
  • What is the energy consumption of the home?
  • Is there a functioning homeowners association?
  • Is there a maintenance fund? Is there a maintenance plan?
  • Are there any building projects planned in the immediate vicinity?

Our pricing

The documents below have been standardized by the financial authorities. The documents give you an overview of our services and our costs.

Let us call you

Would you like to schedule a meeting? Please feel free to contact us and let us know when we should call you.

Prinsengracht 679
1017 JT Amsterdam
020 – 210 1074
hi@mistermortgage.nl