National Mortgage Guarantee (NHG)

What is NHG?

The National Mortgage Guarantee (NHG) is the guarantee you can get if you take out a loan for buying or renovating a house. An NHG Mortgage offers more security and an attractive interest rate discount.

Payment problems

When you take out a mortgage, you make agreements with the lender about the payment of your mortgage costs. However, situations may arise in your life that make it temporarily impossible to repay the mortgage in whole or in part. With the National Mortgage Guarantee you may be eligible for the Housing Costs Facility. This will enable you to bridge this difficult period, so that you can continue to live in your home.

Residual debt

If your payment problems are not of a temporary nature, you may have to sell your home in such a case. The proceeds from your home may be lower than the amount you still have to repay. A residual debt then arises. The Homeownership Guarantee Fund pays this residual debt to the lender.

If you are not at fault for the forced sale, for example if your income decreases due to unemployment or incapacity for work, the Guarantee Fund can waive this amount and you therefore no longer have to repay this amount. An NHG mortgage thus offers extra security.

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