Congrats! Owning one’s own home is a milestone in everyone’s life. You have completed your studies, you have a new job, you want to stand on your own two feet and no longer live with your parents, you no longer want to rent. Whatever the reason, the interest on housing loans is so low that it is time to apply for a loan. A mortgage loan is usually about a lot of money. And that must of course be repaid, with interest. Today, however, the interest on homes is very low, and with a little searching on the internet you notice how many different banks and other credit companies there are that offer home loan. And there are quite a few differences between all those providers when it comes to redemption.
You may be a bit scared when you see the amounts involved in buying or repairing a property. But you don’t have to. Entering into a home loan is very common and is spread over many years, up to 20 or 30 years. Thanks to the low interest rate on mortgage loans, it is now a good move to invest in a property. The interest on loans is unprecedentedly low; he real estate market is doing great at the moment and say: how much interest do you receive by putting all your money on your savings account? In our modern world today it is easier than ever to calculate, compare and take out a home loan. And all from your favorite comfortable chair, so nice.
With an internet connection and a computer you can quickly see who offers the best loans for your wallet. The key factor here is that you have to compare the Annual Cost Percentages (APR) of the providers. That percentage indicates precisely what you will pay per annum on top of that loan in terms of interest and costs. All in one. No more hidden costs that you will find out later. The Belgian government obliges every credit provider to clearly state this on the website. Almost all providers do have a simulator with which you can see for free how much you can borrow and what your monthly payment is. The longer the payment term, the lower your monthly payment. The lower the APR, the cheaper your loan is.
It will surprise you how much more you can borrow than you think. First make an overview of what you earn and spend per month. You can also involve your partner in this. You then add up both amounts, both for income and expenditure, and then look at what is left. You could therefore pay off that amount as a homeowner with a home loan. We have listed the cheapest mortgage loans for you. This way you can quickly see who offers the best housing loan and calculate on the website what a loan will cost you every month. We can’t make it any easier for you.