Can I include my debt in a mortgage?

Lenders use strict rules for taking out a mortgage. These strict rules aim to prevent you from incurring a residual debt or payment arrears.

How high is your maximum mortgage?

Do you want to take out a mortgage? Then a number of different points are taken into account. You should consider the following points:

• The market value of the home;
• your income;
• your other financial obligations;
• the interest.

Do you want to calculate how high your maximum mortgage is? Request a quote here .

The market value of the home

Before applying for a mortgage, the market value of the home must be mapped out. This is determined by the lender. The lender determines the value based on one of the following factors:

• The appraisal value of the home;
• the purchase price of the house;
• the contract or purchase price of the house, including any construction costs and interest, land price, additional work and costs of utility connections;
• a model-based valuation whereby the amount of the mortgage is less than 90% of the home value.

Your income

It is important that you can bear your mortgage payments every month. That is why you must be able to repay this every month with your income. A law has been written for this that describes how much percentage of your income you can spend each month on the costs of your mortgage. Your maximum mortgage is calculated on the basis of this. The higher your gross income, the more you can pay off, the more money you can borrow.

Do you want to take out a loan for the purchase of a new home? In 2020 you cannot borrow more than the full amount of the market value of your home. You must finance the additional costs yourself.

Loans already in progress

Whether you apply for a loan or mortgage, it is always checked whether you already have several consumer loans. The more loans you have, the less room you have within your loan to pay off debts. For example, you can think of a student debt.

Do you want to calculate the maximum amount you can borrow ? Contact us or request a quote here.

Repayment obligation

Since 2013, you are no longer entitled to a mortgage deduction for all mortgage types. Do you want to borrow (more) money and make use of the right to mortgage interest relief? Then you must be able to repay this loan within a maximum of 30 years via the monthly repayment. You can then make a choice between two different forms of a loan: this is either the annuality mortgage or the linear mortgage. There is also a transitional law for existing mortgages.

Financing residual debt

Does the sale of your home yield less than the outstanding mortgage debt at that time? Then you can speak of a residual debt. Lenders offer the option, under their own conditions, to co-finance your residual debt when you purchase a new home.

More information

For more information about a mortgage, a personal loan or about a revolving credit , read more here .