The most common types of mortgages

When taking out a mortgage, you can choose from several types. Each type of mortgage has its own characteristics, advantages and disadvantages. We explain the most important ones for you below.

1. Annuity mortgage

• You pay a fixed amount (annuity) every month.
• Initially mainly interest, later mainly repayment.
• Suitable for first-time buyers or people who want to gradually increase their mortgage payments.
• Mortgage interest is deductible in box 1.
  
  

2. Fixed-rate mortgage

• You pay off a fixed amount each month, and the interest rate decreases.
• Monthly costs start high but decrease over time.
• Faster repayment means paying less interest.
• Particularly suitable for people with a stable or higher income.
  
  

3. Interest-only mortgage (only for those moving house)

• You only pay interest, no repayment.
• Low monthly payments, but at the end of the term you must repay the entire loan.
• No more interest relief for new interest-only mortgages (after 2013), unless it concerns an existing arrangement.
  
  

4. Bank savings mortgage / Savings mortgage (only for existing cases)
   

• These types of loans can no longer be taken out as new loans, but you can keep them or transfer them when you refinance.
• You build up capital via a linked account in order to repay your mortgage in the future.
  
  

What is the best type of mortgage for you?

That depends on, among other things:

• Your income and future plans
• Your family situation
• Your risk appetite
• The fixed-interest period
• Whether you are buying for the first time or moving up the property ladder

At Living Room Mortgages we take the time to get to know your situation. This means you don't receive standard advice, but a mortgage that truly suits your life.

Combining mortgage types? It's possible!

Did you know that you can also combine different types of mortgages? For example, partly annuity and partly interest-only (if permitted). This allows you to tailor your monthly payments and financial goals perfectly to your wishes.

Personal mortgage advice, in our office or at your home.

At Huiskamer Hypotheken, we value clarity, peace of mind and attention. We are not a sales factory, but an advisory partner. That is why you get:

• Personal consultation (at your home or online)
• Clear explanation of each type of mortgage
• Comparison of more than 30 providers
• Support from application to key handover

Discover the best type of mortgage for you

Are you curious about which type of mortgage best suits your situation? Schedule a free, no-obligation consultation with one of our advisers. We will listen, explain and take care of everything.