Cheaper mortgage with National Mortgage Guarantee in 2015

Miscellaneous limaopreto August 7, 2016 0 1
FONT SIZE:
fontsize_dec
fontsize_inc
The national mortgage guarantee in 2015 makes your mortgage cheaper. Therefore many mortgages are concluded with the mortgage guarantee. The NHG also gives conditionally guarantees for remission of a residual debt when selling your home, even if you divorce. This facility housing costs is a big advantage. So please if possible a mortgage with NHG guarantee. Does this guarantee also for such a recreation or vacation and what does that mean for the purchase costs? What is the maximum purchase price in 2015?

Content

  • Since 2012 more mortgage for second earners possible
  • NHG limit to 350,000 euros until July 2012
  • National Mortgage July 1, 2013, July 1, 2014 and July 1, 2015
  • Main residence as a requirement for NHG
  • Mortgage for recreation or houseboat
  • Benefits of the NHG
  • National mortgage guarantee and mortgage refinancing
  • NHG and rebuilding
  • The NHG and homeowners in arrears
  • The NHG and liquidation value of the home
  • NHG and residual debt at sales - debt remission by WLF facility housing costs, even with divorce
  • NHG and consequences of a forced sale
  • Conclusion cheaper mortgage with National Mortgage Guarantee in 2015

Since 2012 more mortgage for second earners possible

Good to know is that the two-income households with a low income in 2012 to thirty thousand euro more will be able to borrow for a home by the new terms of the National Mortgage Guarantee. Remember that not every year warranty has been equally by the NHG. It has been raised a few times, but goes down again in 2013 and 2014.

NHG limit to 350,000 euros until July 2012

An increase in the limit of the national mortgage for 350,000 euros had previously been very welcome, both for the customer and the banks. If a bank can lend money to someone with this the mortgage guarantee, certainly the preference of the bank forward. You also get a cheaper mortgage with National Mortgage Guarantee. Exactly how much you can borrow also depends on your income and checking with the BKR in Tiel.

National Mortgage July 1, 2013, July 1, 2014 and July 1, 2015

From 2013, only a mortgage with National Mortgage possible if you have an annuity mortgage with monthly repayments. This also applies to an existing mortgage if you move: you can not just take your warranty for your new home. Without NHG is your mortgage expensive. The NHG border as at January 1, 2013 yet ?? 320 000, but goes by July 1, 2013, 2014 and 2015 further down:
  • As of July 1, 2013 ?? 290,000.
  • As of July 1, 2014 ?? 265,000.
  • As of July 1, 2015 ?? 245,000.

A mortgage of up to ?? 245 000 is in many cases corresponds to an owner-occupied house with a purchase price of approximately ?? 231.000. Indeed, there are additional costs such as transfer tax and fees of the notary.

Main residence as a requirement for NHG

Main requirement is that the property you purchase is also your main residence. If the house is not your principal residence mortgage interest is not tax deductible and the housing costs are a lot higher. Holiday homes and mobile homes are not eligible for the national mortgage guarantee claims. Houseboats Nor. For recreation and holiday homes, to get a mortgage often also look at other aspects of the home.

Mortgage for recreation or houseboat

The maximum mortgage on a holiday or recreation is also lower. Key requirements for a mortgage are:
  • The recreation or vacation must stand on its own land and are free of leasehold.
  • For recreation, the maximum duration of a standard 20-year mortgage.
  • Should be reflected in the valuation that the home is a stationary recreation house with kitchen, heating, bathroom and toilet. This is to allow normal use of the home.
  • Special attention is paid to the construction materials used to determine the value.

  • Benefits of the NHG

    The popularity of the national mortgage guarantee increases. Some advantages of the NHG include:
    • The Guarantee Private Property by the NHG guarantee that you will not remain with a residual debt.
    • The NHG means a lower mortgage rate.

    National mortgage guarantee and mortgage refinancing

    Who wants to mortgage refinancing to a loan with the guarantee should first look at what that means for him financially. The mortgage rate is 0.6% lower than without warranty. Will you join then sometimes penalty interest at the refinancing of a mortgage payable. All costs that you need to make to get the warranty, are tax deductible.

    NHG and rebuilding

    The NHG can also apply after a renovation, major maintenance or isolation, but only for the value that you realize with your remodeling. Think of measures such as:
    • A condensing boiler;
    • Solar panels;
    • Cavity wall insulation;
    • Heat pumps;
    • HR ++ glazing;
    • Roof insulation or floor insulation

    Where a conversion with National Mortgage Guarantee several requirements must be met:
    National Mortgage Guarantee and renovations:

    The NHG and homeowners in arrears

    The National Mortgage Guarantee will help homeowners with arrears. Who has a NHG and can not pay his mortgage by resignation or a divorce may leave its arrears reach up to 9 percent of the mortgage amount. The Homeownership Guarantee Fund, WEW, guarantee this.

    The NHG and liquidation value of the home

    The NHG demands that the lender holds a file, which also contains:
    • All data and documents;
    • When forced private sale and private reprieve from the house to a report by an appraiser containing the market value of the house free of rent and use of the property and the liquidation value of free rent and use of the
    • home.

    NHG and residual debt at sales - debt remission by WLF facility housing costs, even with divorce

    Also guarantee the remaining debt is very important. The National Mortgage Guarantee, the remaining debt can be waived if:
    • You have a mortgage with NHG.
    • You can not pay the remaining debt.
    • You yourself have done everything possible to reduce arrears and prevent.
    • You were forced to sell the house.
    • The mortgage lender permission to sell the house.
    • The property is sold with the help of a broker.
    • You leave your home neatly groomed.
    • There is redundancy, divorce or death of the partner.

    NHG and consequences of a forced sale

    A forced sale of the home is no fun. Also provides such a foreclosure sale of the home less money. Think of the following:
    • Must contact your bank or mortgage lender to see what solution is there. As a longer term of the mortgage can often save a lot.
    • Attempt to sell a good broker, because it yields more.

    As of January 1, 2014 the requirements were tightened for both new and existing business. NHG will judge the less likely that you were financially forced to sell the house with a residual debt. Only a divorce is not enough, because then it may find that the house does not necessarily have to be sold. If you do that, you will pay the National Mortgage does not matter. The NHG is of the opinion that a residual debt could have been prevented. You must have put financial everything possible to prevent a sale, the house must neither be affordable and the house should be well maintained so not because of you there is an extra value.

    Conclusion cheaper mortgage with National Mortgage Guarantee in 2015

    Let us advise you well, to see if a mortgage with National Mortgage Guarantee is for you. For a renovation can be viewed or the NHG is a good solution. Consider the financing of the acquisition cost and backstop for a residual debt if you're ever forced to sell your home. A life insurance policy may be required.
    (0)
    (0)