An affordable interest-only mortgage through DGA The Hague
DGA Financial Advisors provides independent mortgage advice in the Hague region. We work with multiple lenders, so we can always offer you the sharpest rate and the best terms. Curious whether an interest-only mortgage suits you? We are happy to help.
What is an interest-only mortgage?
With an interest-only mortgage you pay only interest on the amount borrowed. You do not make any principal repayments during the term. At the end of the term, usually after 30 years, the full amount must be repaid in one go.
The lowest monthly payments of any mortgage type
You pay only interest, with no principal repayment. As a result, your monthly payments are lower than with any other mortgage type.
Tax benefit
The interest you pay on an interest-only mortgage may, under certain conditions, be deductible in your tax return. This can deliver a substantial benefit, depending on your personal situation.
Please note: you are responsible for repayment yourself
Important
At the end of the term, the full mortgage amount must be repaid. This can be done by selling the home, using savings, or by taking out a new mortgage. Be aware that new mortgages may only be interest-only on a maximum of 50% of the property value.
Combining with other mortgages
An interest-only mortgage can be combined very well with other mortgage types. You can keep one part interest-only and repay another part, for example through an annuity or linear mortgage.
Advantages of an interest-only mortgage
Disadvantages to bear in mind
Who is this mortgage suitable for?
Frequently asked questions
Can I still take out an interest-only mortgage?
What happens at the end of the term?
Is the interest tax-deductible?
Can I combine an interest-only mortgage with another type?
Do I need to take out a life insurance policy?
Curious whether an interest-only mortgage suits you?
Our mortgage advisors are happy to review the options with you. No obligation, at our office or at your home.