What do you have to pay in August when you transfer your mortgage loan? We can imagine that you (because of rising mortgage loan rates) some restless. You will of course not want to go after the facts. But never take a decision in a hurry. Those few weeks more or less make no difference.
What do I pay in August for the transfer of my mortgage loan?
You can always view the current mortgage loan interest on the Leningen.nl website. But for a reliable ‘ mortgage loan advice advice ‘ it is wise to consult a mortgage loan advisor. Preferably choose an intermediary that compares mortgage loans with several banks.
To find out what the costs are if you now transfer your current mortgage loan to a new provider, it is necessary that you request some information from your bank. Or take the agreements that have been laid down in your mortgage loan agreement. For example, you pay a penalty for the transfer and the amount of this is partly dependent on the mortgage loan sum that is still open. In addition, the fixed-rate period also determines for a large part the level of the transfer penalty that your bank charges. You may, however, always repay a certain percentage of the loan without penalty.
Extra costs you make during the transfer:
- Cost for a valuation of your home.
- Possible advice and brokerage costs.
- Notary fees.
When not to place a mortgage loan elsewhere?
Sometimes it is unwise to take out a new mortgage loan with another bank. When you cross your mortgage loan loan, weigh a number of things against each other. And the following:
- Your monthly costs go down through the lower interest rates after the transfer.
- But how high are the transfer costs in total? You may pay penalty interest, notary fees and advisory costs.
- You do get the assurance of a lower mortgage loan rate with a new fixed-rate period.
Calculate payback time
Is it worthwhile to transfer your loan? Then it is still important to find out what the payback time is. The payback period must always be shorter than the fixed-rate period that you have registered with another bank. Is not that the case? Then it does not pay to transfer your mortgage loan. What the costs when switching to another mortgage loan provider in August 2017, that depends on your current fixed-rate period, the mortgage loan sum that is still open, valuation costs, notary costs and any advisory costs. You can also apply for interest rate averaging.
When can you transfer without penalty?
You can be redeemed of your current mortgage loan without penalty if you are at the end of your fixed-rate period. You may transfer free of charge. Of course, you pay tax and notary costs for your new mortgage loan. Some banks also charge consultancy costs.