German mortgage rates
Nowadays it is also possible to get German mortgage rates in the Netherlands.
German mortgage rates are cheaper than the Dutch mortgage rates, but also have different terms and conditions
We will indicate what the terms and conditions are, the pros and cons of the German mortgage and discuss how you can apply for a German mortgage.
1) German mortgage rates: Conditions
The terms of mortgages are very extensive, so we discuss in the table below the main conditions.
If you have specific questions please contact Expats Amsterdam.
|Conditions||German mortgage||Dutch mortgage|
|Mortgage and value||Up to 70% market value||Up to 104% market value|
|Income||Income from employment||Income from employment|
|Income from business|
|Income from rent|
|Income from assets|
|Maximum term mortgage||20 years||30 years|
An important conditions of the German mortgage is that you have income from employment.
The market value of your home can be financed only up to 70%, so you need to bring in own savings.
2) German mortgage rates: Advantages and disadvantages
The German mortgage is particularly known because the German mortgage rates are low.
However, there are also a disadvantages to the German mortgage when you compare them with the Dutch mortgage.
|Advantage German mortgage||Disadvantage German mortgage|
|Low mortgage rates||Penalty regime termination mortgage within 10 years.
Especially if you think to leave around 5 to 7 year the Netherlands this is important.
|No final age used for mortgage||Future salary increases within six months are not included in the calculations for the mortgage|
You can get the German mortgage rates with the help of Expats Amsterdam.
Because there are many conditions and requirements it is best to contact us, so we can tell you whether you may qualify for a mortgage and if the German mortgage will be better than a Dutch mortgage.
Feel free to contact us. The first meeting is free of charge.