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
Eigenwoningforfait (Notional rental value)
"Eigenwoningforfait" is a tax on the theoretical income that a homeowner could earn by renting out their home, even if they do not actually rent it out. Erfpacht (Ground lease)
Often houses in the Netherlands are not on private land, but on leasehold land. This leasehold land is then rented from the landowner (often the municipality). Hypotheekakte (mortgage deed)
The mortgage deed is the official contract for a mortgage. The mortgage deed contains all agreements with the bank that relate to the mortgage. Hypotheeksom (Mortgage sum)
he mortgage sum is the total amount that is borrowed from a lender. Koopakte (Purchase deed)
The written purchase agreement between the buyer and seller of a house. Other words for koopakte are koopcontract or koopovereenkomst (purchase contract or purchase agreement). Maandlast netto (Monthly charge net)
The net monthly payment is the amount that is paid monthly for the mortgage after tax settlement. Therefore, the tax is taken into account. National Mortgage Guarantee (NHG)
 Notariskosten (Notary fees)
When you buy a house, a visit to the notary is unavoidable. The deeds required for the purchase of a home are drawn up by a notary. Taxatiekosten (Appraisal costs)
The appraisal costs are one of the additional costs when taking out a mortgage. They are the costs for the valuation of a house by an independent appraiser. WOZ-waarde
WOZ stands for Valuation of Real Estate (Waardering Onroerende Zaken). The WOZ Act ensures that all governments use the same valuation for a home when levying taxes.