Simulate monthly payments

 

 If you are looking for a suitable mortgage provider for your home loan, you can often make a simulation of the maximum mortgage through the website in advance. In most cases you make a simulation based on your own income, possibly supplemented with your partner’s income. However, you can also make a simulation based on the monthly charges. You can also opt for this during the simulation of your maximum mortgage. This is a handy addition to an earlier simulation that you may have made.

Determine the amount of your monthly payments

Determine the amount of your monthly payments

Most people have to take out a mortgage when purchasing a home. There are many different forms of home loans and it depends entirely on your personal situation how high the maximum mortgage you can take out. To get a first impression of your situation and your options, you can make a simulation of your maximum mortgage. In most cases, this is based on the income, in combination with the fact whether you put in your own money or have other loans. However, you can also choose to simulate your maximum mortgage on the basis of monthly payments.

Why simulate monthly charges

Why simulate monthly charges

If you now have a rental home, you pay rent for it every month. If your situation is fully geared to this amount, you can also opt to take out your mortgage based on the amount of this amount. That way you know exactly where you stand and you don’t have to drastically change your lifestyle. This also applies if you already have a mortgage, but you want to relocate and do not want to pay much higher monthly fees. By simulating your monthly payments you know exactly how high your maximum mortgage can be. You also know whether your current lifestyle matches the wishes you have at that time. This way you can adjust your expectations down or up in advance.

In person

In person

Of course, taking out a mortgage remains very personal. It is therefore advisable to go to a specialist based on the simulation. Your personal situation is then discussed in more detail so that the maximum mortgage is fully adjusted to your situation. This way you prevent unpleasant surprises afterwards and you know exactly what you can expect from your mortgage lender.

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