Let’s meet! In our first introduction we explain in depth all your options for buying a house in the Netherlands.
Call us on +31 (0)20-4651951 or fill in the contact form.
Annuity mortgage
With an annuity mortgage, the gross monthly costs remain fixed during the lifetime of the mortgage.
This is however only when the interest on the mortgage is fixed. The structure of the mortgage changes throughout the lifetime: at the start you pay more interest and less repayment on the principal and at the end this is reversed: you pay little interest but repay more on the principal. Because you pay less and less interest over the lifetime of the mortgage, and you can deduct mortgage interest from your income for tax purposes, this tax benefit you receive will decrease each month. This results in higher net monthly costs.
Linear mortgage
This mortgage type is similar to an annuity mortgage, but with one important difference: the monthly costs fall during the lifetime of the mortgage.
Repayments on the principal will stay the same during the lifetime of the mortgage. Consequently, interest payments will decrease and as a result the tax benefit you receive falls as well. Monthly net costs decline gradually.
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Interest only mortgage
As the name suggests, with an interest-only mortgage you do not repay the mortgage. You only pay interest.
This benefit of this type is that your monthly net costs are lower compared to the other types. A disadvantage of an interest only mortgage is that the mortgage is not hedged with either repayment or insurance. The interest-only mortgage can however be an interesting type if the value of the house is more than adequately sufficient.
