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An affordable interest-only mortgage via DGA The Hague

Also for a affordable amortization free mortgage DGA Financial Advisors is the place to be. Together with you, we will find the mortgage that best suits your personal situation. Our experienced advisors are happy to help you!

Because DGA The Hague works completely independently and is therefore not bound to any bank or insurance company, you are assured of objective advice. In addition, we can provide you tariffs offer those up to the lowest in the Netherlands belong.

You are always very welcome at our office in The Hague. Or would you prefer one of our advisors to visit you? Then we would be happy to make an appointment with you!

Many customers in The Hague, Scheveningen, Voorburg, Leidschendam, Voorschoten, Stompwijk, Zoetermeer, Nootdorp, Rijswijk, Wassenaar, Pijnacker, Delft and Wateringen have a affordable amortization free mortgage via DGA Financial Advisors closed. Of course, we are also happy to help you!

The most important features of an interest-only mortgage

With an interest-only mortgage, you pay nothing, but you only pay interest on the loan amount each month. When the mortgage expires, you must therefore repay the entire loan amount at once.

Tax benefit, interest-only mortgage

Because you don't repay anything with an interest-only mortgage, you will continue to pay interest on the total loan amount throughout the term. This is beneficial because the mortgage interest is tax deductible. Throughout the term, you can deduct the maximum amount of tax.

With the interest-only mortgage, you have the lowest monthly payments compared to other types of mortgages. And you benefit from a maximum tax deduction. In addition to interest, you pay no repayment or contributions. On the other hand, you must ensure that you can repay the loan at the end of the term.

Combining with other mortgages

The maximum amount for which you can take out an interest-only mortgage is actually always much below the value of the house. You will therefore have to contribute your own money for the remaining amount or take out an additional mortgage that you do repay.

As of August 1, 2011, a mortgage may be amortization free for up to 50% of the market value of the home.

End of term

At the end of the term (maximum 30 years), you must repay the loan amount. This can be done, for example, by selling your home or by having saved up the necessary money yourself in the meantime. It is often also possible to take out a new mortgage. Please note that the interest on this new mortgage may no longer be tax deductible.

For whom?

For people who move to a smaller home later in life and contribute quite a bit of their own money, the interest-only mortgage is worth considering. Furthermore, this type of mortgage is often used in combination with other forms of mortgage.

Benefits of an amortization free mortgage

  • Lower monthly payments than any other type of mortgage
  • You have optimal tax benefits due to the mortgage interest deduction
  • It is a simple type of mortgage that is easy to combine with other mortgages

The disadvantages

  • The maximum amount that you can borrow without amortization is always well below the purchase value of the home
  • You don't repay anything, which means you don't build up extra capital
  • Sometimes the lender requires term insurance.