You already know how to buy a house. But taking out a mortgage for the second time is slightly different than the first time. There’s a good chance that the rules have changed in the meantime. Freek asks a number of questions to help you on your way.
What will happen with my current mortgage?
When you buy a new house, you can choose to pay off your current mortgage and take out a new one. For example, because interest rates have become more favourable or because you would like different mortgage conditions.
It’s also possible to take your current mortgage with you. In that case, you keep your mortgage with the same lender.
Do you have surplus value or a residual debt on your current home?
The sales value of your current home is higher than your remaining mortgage debt. That means that you have surplus value on your current home. You can deduct this amount from the price of your new home!
Of course it’s also possible that you have a residual debt leftover from the sale of your current home. That’s less pleasant, but even then Freek Hypotheek is ready for you with personal advice.
Are there any other costs?
Keep in mind that you may incur additional costs when buying your next home. Consider, for example, the valuation costs or advice and brokerage costs of your mortgage adviser. And also estate agent’s charges, costs for a building survey, surety fees and commitment fees.