With a linear mortgage, you repay the same amount every month. You pay interest on the mortgage amount you have to repay. Since your mortgage debt is at its highest at the beginning of the term, this is when you have the highest costs. However, this is offset by your mortgage debt decreasing a little each month. So your gross and net mortgage payments will be slightly lower each month. At the end of the term, the mortgage is completely paid off.
The monthly costs of a linear mortgage are high at first. In addition, mortgage interest relief decreases over the term because of the decreasing interest amount. So you get less and fewer tax benefits. Furthermore, the repayment creates a surplus value in the home. This makes the tax deduction more limited (for the additional loan scheme) should you move house.
Repayments can be handled in two ways: linear and annuity. The best of the two depends on your situation. A linear mortgage will give you higher monthly expenses in the beginning. The advantage is that you pay off faster, and your monthly costs decrease over time. An annuity mortgage has lower monthly fees than a linear mortgage in the beginning. Over time, your net monthly costs increase. You can combine a linear mortgage with an annuity mortgage. With a combination, you can keep your monthly expenses reasonably similar. The best form of the two depends on your situation.
Bij het kopen van een huis gaat het niet alleen om het vinden van de perfecte woning, maar ook om het navigeren door het complexe aankoopproces. Gelukkig is er Walter, jouw betrouwbare digitale aankoopmakelaar die je helpt bij elke stap die je moet nemen.
Vroeger, toen de melkflessen nog van glas waren, ging je met een stapel papier onder de arm naar de hypotheekadviseur. Dit kan nog steeds, maar je kunt soms ook zelf een hypotheek afsluiten. En dat is makkelijker dan je denkt. Mits je goed bent voorbereid.