Betalingstermijn (Term of payment)

"Betalingstermijn" is a term used in the Netherlands to refer to the payment term of a mortgage. This refers to the length of time over which the mortgage must be repaid.

Mortgages in the Netherlands typically have a maximum repayment term of 30 years, although some lenders may offer shorter repayment terms. During the repayment term, borrowers are required to make regular payments to the lender to repay the principal and interest on the mortgage.

The repayment term of a mortgage is an important factor to consider when choosing a mortgage product, as it can have a significant impact on the total cost of the mortgage. Generally, a longer repayment term will result in lower monthly payments but a higher total cost over the life of the mortgage, due to the additional interest paid over a longer period of time.

It's important to note that some mortgage products in the Netherlands may allow for early repayment without penalty, which can help borrowers save money on interest and pay off their mortgage more quickly. Additionally, some lenders may offer flexible repayment terms, allowing borrowers to make extra payments or adjust the repayment schedule to better suit their financial situation.

Overall, understanding the repayment term of a mortgage is an important aspect of mortgage financing in the Netherlands. By choosing the right repayment term for your financial situation and goals, you can ensure that your mortgage is affordable and manageable over the long term.

Mortgage terms
Aankoopkosten (Purchase costs)
There are several additional costs associated with the purchase of a house. These one-time costs are called purchase costs. Afsluitkosten (Closing cost)
"Afsluitkosten" refers to the closing costs associated with taking out a mortgage. These costs include commissions, appraisal fees, notary fees, and fees for applying for a National Mortgage Guarantee (NHG). Bankgarantie (Bank guarantee)
When buying a house you will be asked for a bank guarantee. The bank guarantee is a guarantee that you, as the buyer of a house, must give to the civil-law notary. Belastingaftrek (Tax deductions)
The government has various tax measures that are favorable to homeowners with a mortgage. Betalingstermijn (Term of payment)
The payment term is the periodic term in which you pay the interest, premium and possibly also the repayment. Boeterente (Penalty interest)
Lenders charge a penalty if the mortgage is repaid earlier than agreed in the mortgage deed, for example when refinancing. With the penalty interest, the lender compensates for the lost income from the mortgage. Bouwfinanciering (Construction finance)
Construction financing is the way in which you can finance a new building. Bruto jaarinkomen (Gross annual income)
The gross annual income (or gross annual salary) is the income before deductions. Read what is included in the gross annual salary. We also provide a handy rule of thumb to calculate this. Bruto maandlast hypotheek (Gross monthly mortgage payment)
Gross means 'without deduction'. The gross monthly payment for a mortgage is the amount that is paid monthly without mortgage interest deduction without tax settlement. Eigen geld (Own money)
You can use this capital to finance your house. This capital is called equity. Own money offers on the one hand the possibility to borrow less