Which different forms of repayment can you choose for a mortgage
At the lender one can choose from different forms of repayment. Thus, one can repay during the term or at the end. In this article, the characteristics and for whom the #hypotheek suitable is described. The following forms of redemption come to offer:
- Maturity repayment: linear mortgage and annuities mortgage.
- End of maturity: life mortgage, #spaarhypotheek , #beleggingshypotheek and securities mortgage.
- Special loan: green mortgage.
- No repayment during the term: grace free mortgage.
Characteristics per form of repayment
In the tables below you can find out what the characteristics are per redemption form. This way you can make a choice for yourself which one suits you best. Always be informed by your mortgage advisor.
| Features | Annuities | Life hypotheque | Savings mortgage | Investment hypotheque |
| 1 | Rising part of the monthly burden. | Maximum tax benefit. | Maximum tax benefit. | Maximum tax benefit. |
| 2 | Rising net burden. | Permanent burdens. | Permanent charges | Stay the same loads. |
| 3 | Decrease in tax benefit. | Capital insurance for life and death are insured. | Capital insurance for life and death. | Capital insurance for life and death not mandatory. |
| 4 | After 15 years, approximately 1/3 part is redeemed | No 100% certainty. | But 100% certainty. | No 100% certainty. |
| 5 | After 20 years, 50% of the principal amount is repaid. | On the savings part one receives interest. | Part of the premium committed is invested. |
| Features | Securities mortgage | Relemment free | Green Mortgage |
| 1 | Maximum tax benefit. | Maximum tax benefit. | Property that meets environmentally friendly requirements. |
| 2 | Permanent burdens. | Permanent burdens. | With the green declaration, an interest rebate of 1.5% (maximum €34.034) can be obtained. |
| 3 | Capital insurance for life and death not mandatory. | Mortgage interest but 30 years deductible. | The scheme runs 10 years after that the 'normal' conditions come into effect. The green mortgage complements the above-mentioned forms of repayment. |
| 4 | No 100% certainty. | ||
| 5 | Investments are made directly in investment objects. |
- Linear mortgage: has high initial charges but due to the repayment of the mortgage, the charges fall periodically. Mortgage debt is reduced, which means that less interest has to be paid and therefore the tax advantage decreases. A linear mortgage is relatively cheap if you look at how much interest has been paid over the period.
- Annuity mortgage: you pay the same amount every month only after the years claim, the repayment in the amount increases. As a result, the tax advantage is falling further and further per year.
- Life mortgage: during the term, the principal amount is not repaid. As a result, the charges per month are equal and the user enjoys the maximum tax advantage. The insurance will save a part that can be paid out in case of life (relocation or redemption) or in case of death.
- Savings mortgage: see life mortgage. The difference with the life mortgage is that the premium (the savings part, the risk part and the compensation for the security company) paid for the savings part that is remunerated on it. This can be used for redemption. For example, there is in this way because of the interest income and the insurance at life and because of a 100% security.
- Investment mortgage: see life and savings mortgage. Only the part of the premium mentioned as the savings part is invested in all 3 categories.
- Securities mortgage: the form of repayment is derived from the investment mortgage. The difference between the two is that a securities mortgage is not invested by means of insurance but is invested directly in investment objects.
- Repayment free mortgage: with this form of repayment, no repayment is made during the term, so the maximum tax advantage is used.
For whom is suitable which
In the 2 tables below you can see which types of people the different repayment forms are suitable for.
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Henkjan de Krijger
5 years ago
Interessant al is de opmaak niet helemaal strrrrak.
