Applying for a Dutch mortgage is a complex task with many aspects to consider. The most important of which may be starting the process with the right amount of know-how. This way you can save time, avoid misunderstandings, and get to what’s important…LIVING!

Types of Mortgages in The Netherlands

• Linear Mortgage: The full mortgage amount is not the same each month (it decreases over time). This is because the principal paid every month is the same, and the interest paid month to month decreases.
• Annuity Mortgage: The monthly mortgage payment is the same every month. The interest portion being paid decreases, and the principal portion increases.

The first step when buying a property in the Netherlands is to get an accurate assessment of the price range that fits your budget. By speaking with a specialized mortgage broker, Dutch bank or lender, you are able to streamline the process and go into the Dutch mortgage application process in full confidence. Do keep an eye out for housing seminars/webinars which explain all the steps to buying your own home (also a nice way to meet new people!)

The Mortgage Calculator

Rotterdam-based mortgage broker Financial Consultancy Holland has provided a free, easy-to-use Dutch Mortgage Calculator. With it, you can quickly calculate the maximum mortgage you qualify for in the Netherlands.

How it works:

• Fill in your income and employment details
• Include any loans, debts, or other monthly financial commitments
• Add whether you are applying on your own or with a partner
• Submit the calculator to receive an estimate of your maximum borrowing amount
• Review the projected mortgage range and expected monthly costs
• Use the outcome as a first indication of your budget in the Dutch housing market
• Follow up with a mortgage specialist for a personalized and lender-specific calculation

To Get a Customized Estimate

Please note the mortgage calculator is just an estimate! As a general rule of thumb, lenders will lend you approximately 5 times your gross salary. In order to get an accurate assessment of what you can borrow (which is usually more than what the calculator will indicate)  contact the Financial Consultancy Hollland, to maximize your borrowing power!

Calculate your Dutch mortgage now!