Interest only mortgage

An interest only mortgage is a type of mortgage where you only pay interest during the term and do not repay the loan itself. This means that when the mortgage term ends, you will need to review your situation. Since 2013, the mortgage interest on new interest only mortgages is no longer tax deductible, although you are still allowed to take out this type of mortgage.

I have an interest only mortgage

If you currently have an interest only mortgage, it is wise to make an appointment with a mortgage advisor at De Hypotheekshop near you. It is important to assess your options well in advance of the end date. Will you be able to repay the mortgage using your own funds? Will you need to sell your home to repay it, or will you have to take out a new mortgage?

In the case of a new mortgage, it is essential to check whether you will meet the conditions at that time, as this is not always guaranteed. If you do not, you may be forced to sell your home. Avoid this situation by reviewing in time whether your interest only mortgage needs to be adjusted.