Equity Release Mortgage: extra pension for AOWs/seniors

With the equity release mortgage, you can withdraw part of the excess value on your home without having to sell your home. How does it work? Very easy! You first consider which amount you think you need, and whether you want to receive it monthly or all at once. We will then see if this is possible, for example by looking at the value of your home and your (possible) existing mortgage. You can simply take out the equity release mortgage in addition to your (possible) existing mortgage, regardless of which lender holds it.

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The benefits of the Equity Release Mortgage at a glance:

• Receive a monthly amount or an amount all at once
• The amount withdrawn is free to spend
• Your home remains the property and you can continue to live in it
• The equity release mortgage must me reimbursed only in the event of your death (and the surviving partner) or when your home is sold.

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For whom?

• You have your own home with a large excess value
• You have reached the state pension age

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Two examples of a monthly recording in numbers:

Your equity release mortgage

After 10 years, at the end of the fixed-rate period, your situation is as follows:

‍Please note: these are example numbers to show how the equity release mortgage works. In these examples, we assume a fixed-rate period of 10 years with 2.9% interest rate and that the value of the house will not increase for 10 years. This is an example interest rate, please contact us for the current interest rate in your personal situation. The equity release mortgage ends with repayment after your death (or surviving partner) or if you decide to sell your home.

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Also good to know

• You can never withdraw more money than what is responsibly allowed
• Extra security: if the equity release mortgage unexpectedly exceeds the value of your home, you will have residual debt. However with the mortgage, neither you or your loved ones will be required to pay this residual

• You can choose from different fixed-rate periods

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Want to know more?

Then make an appointment quickly. Click the button “Make an appointment” and fill out the form or call 070 - 355 66 48. You are very welcome, and our advisors will be happy to discuss the available options with you.

DGA Financial Advisors has been a trusted expert in mortgages and insurance in The Hague and its surroundings areas for over 20 years. DGA works completely independently and is not bound to any mortgage lender or insurer, so you are assured of fully objective advice. Many customers in The Hague, Scheveningen, Voorburg, Leidschendam, Voorschoten, Stompwijk, Zoetermeer, Nootdorp, Rijswijk, Wassenaar, Pijnacker, Delft and Wateringen have taken out the unique equity release mortgage through DGA Financial Advisors. Of course, we are also happy to help you!