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How we calculate your mortgage
Your gross annual income forms the basis for determining your maximum mortgage. The higher your income, the more you can borrow. Not only your salary is considered, but also other income such as holiday pay, a thirteenth month, and any self-employment income. If you have a partner, your combined income is included in the calculation, which can increase your borrowing capacity.
The energy label of the home plays a role in determining your maximum mortgage. For homes with a favorable energy label (A or B), you can borrow an additional €10,000. For labels C or D, this extra amount is €5,000. This is because energy-efficient homes have lower energy costs, giving you more financial room for mortgage payments.
| Energy Label | Extra Mortgage Amount |
|---|---|
| A++++ with guarantee | €50,000 |
| A++++ | €40,000 |
| A+++ | €30,000 |
| A+ or A++ | €20,000 |
| A or B | €10,000 |
| C or D | €5,000 |
| E, F or G | €0 |
The mortgage interest rate affects your monthly payments and therefore your maximum mortgage. A lower rate means lower monthly costs, which may allow you to borrow more. The rate is influenced by factors such as the fixed-rate period, the type of mortgage, and current market conditions. Taking out a mortgage with the National Mortgage Guarantee (NHG) can also result in a lower rate, as it provides more security for the lender.
Existing loans and other financial obligations impact your maximum mortgage. This includes personal loans, revolving credit, credit card debts, and private lease contracts. These obligations are registered with the Credit Registration Bureau (BKR) and reduce the amount you can borrow, as they lower your available income for mortgage payments.
A student loan affects the amount of mortgage you can get. From 2024, lenders use a new method to calculate this impact. Instead of looking at the original loan amount, they now use the actual monthly repayment you make to DUO. This amount is then "grossed up" with a factor that depends on the mortgage interest rate you will pay.
How can we help you?
Whether you are looking to buy your first home, want to know how much you can borrow, or just want to talk things over with an expert, we are here for you. Our experienced mortgage advisors will guide you every step of the way, from orientation to closing.
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