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An affordable interest-only mortgage via DGA The Hague

Also for an affordable interest-only 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 offer you tariffs that are among the lowest in the Netherlands.

You are very welcome to visit 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 obtained an affordable interest-only mortgage through DGA Financial Advisors. Of course, we are also happy to help you!

The most important features of an interest-only mortgage

With an interest-only mortgage, you do not repay the loan principal but only pay interest on the loan amount each month. When the mortgage term expires, you must repay the entire loan amount in a lump sum.

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 entire term. This is beneficial because the mortgage interest is tax deductible. Throughout the term, you can deduct the maximum amount from your taxes.

With an 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 you can borrow with an interest-only mortgage is typically much lower than 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 saving the necessary amount yourself during the term. 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?

An interest-only mortgage is worth considering for people who plan to downsize later in life and can contribute a significant amount of their own money. Additionally, this type of mortgage is often used in combination with other mortgage forms.

Benefits of an interest-only mortgage

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

The disadvantages

  • The maximum amount that you can borrow without amortization is always less than 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