A mortgage or home loan is granted for the purchase of an existing home or building land, for a renovation project or for the construction of a new home. You often want to know in advance where you stand before you sit down with a specialist. You can make a simulation of your maximum mortgage via coregroupinstall.com, so that you know the maximum amount you can borrow and what term and interest rate are appropriate for this.
Why simulate your mortgage loan?
You do not experience the process for buying a home very often and it is often difficult to clarify all the regulations, rights and obligations. Your personal situation also plays a role in obtaining a mortgage . These factors cannot be summarized in a general model, as a result of which you often cannot obtain a good insight for yourself. In order to inform you well and thoroughly in advance about the various options you have, you can make a simulation of your maximum mortgage. In this way you can adjust the excessive expectations that you had in advance or you can do more than you had previously thought. You can make a simulation of your mortgage for a fixed loan, but also for a variable loan. You will also receive information about the extent to which you will have to pay off interest and capital and the amount of the repayment.
How can you simulate your mortgage loan?
There are several ways to simulate your maximum mortgage. For example through the mortgage lender itself. If you would like a complete overview of different settings, coregroupinstall.com is the right place for you. To make the simulation for you, the calculation tool asks for information about your own income, as well as the income of your partner. In addition, you can indicate whether you are investing your own money when purchasing the home. Finally, you indicate whether you have any other loans that affect the monthly payments to be paid.
What to do after a simulation?
The simulation gives you a first impression of the amount of your maximum mortgage. However, due to various factors, such as your personal situation, which are not included in the simulation, it is not fully geared to your wishes and needs. It is best to contact a specialist for this. This way you can sit down together and draw up a mortgage that is exactly right for you.