When the suitable property is found, it is important the financing is organized well. Usually the application for a mortgage is necessary. Finding the correct mortgage isn’t easy. This is caused by the big amount of mortgage possibilities and providers.
Most common mortgage possibilities are:
- Annuity mortgage
- Linear mortgage
- Interest only mortgage
- Credit mortgage
- Investment mortgage
- Mortgage securities
- Savings mortgage
- Hybrid mortgage
For an advice regarding the best suited mortgage, please contact a mortgage adviser.
When you´re buying your first house, there’s a possibility to apply for a guarantee fund NHG. This fund offers a guarantee of the repay of the mortgage amount for beginners.
Before you select a mortgage, you should consider if you would like to refurbish, modernize or otherwise improve your residence, and if you need financing. In that case you may be able to arrange a building deposit within you mortgage for that purpose.
The general conditions for mortgage up to five times the gross salary (for this calculation the net reimbursement based on the 30 percent ruling should be considered as gross salary) for non-EU citizens are:
- You live in the Netherlands for five years or longer (with mortgages up to the foreclosure value, banks may be less strict regarding to the period you’ve lived in the Netherlands)
- You possess a residence permit
- You are employed
- A lot of banks might ask for a down payment;
When you’re self employed, the bank can ask for your data and results of the past years and for the forecasts.