An increasing number of home owners in the Netherlands are worried about how they will cover all the costs associated with owning a home, according to new research by the Nationale Hypotheek Garantie organisation (NHG). In particular, home owners whose fixed-interest mortgage period is coming to an end are concerned about the impact of higher interest rates on their household spending, the NHG said. In total, some 2,400 people with an NHG guarantee took part in the survey. Just under...
That’s why we put the mortgage on 30 years instead of the usual 20. When the mortgage is done, the house is paid off. We can pay our current monthly rate, and even though the house was expensive, it’s nothing compared to new neighbors. If we would have bought this house now, instead of 7 years ago, we would barely be able to afford it, even though we have had raises in the meantime.
That’s why we put the mortgage on 30 years instead of the usual 20. When the mortgage is done, the house is paid off. We can pay our current monthly rate, and even though the house was expensive, it’s nothing compared to new neighbors. If we would have bought this house now, instead of 7 years ago, we would barely be able to afford it, even though we have had raises in the meantime.