Before the banks warn. They will approach their customers actively coming period to ensure that they will soon not be any surprises.
On expiry of an interest-only mortgage, the mortgage may suddenly rise significantly because has to be repaid with a new mortgage . The mortgage interest can disappear, suggested the Dutch Banking Association (NVB) Thursday. Interest is deductible up to thirty years.
People should also take into account a possible drop in income due to retirement for example. That can affect the affordability of the mortgage and the ability to renew them.
It is in the banks’ possible for the owners of that old mortgage to take timely measures. Thus, they decide to unload periodically or capacity building.
De Nederlandsche Bank (DNB) estimated earlier that about 35 percent of the Dutch homeowners have a mortgage that is full redemption. In many cases, moreover, well here are people who probably will not easily get into trouble because the value of their home above their mortgage
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