Mortgage consultation

Mortgage advice often consists of two parts. Usually, these are also two meetings: the orientation meeting and the mortgage consultation.

Orientation meeting (also called introductory meeting)

In this first meeting, exchanging as much information as possible is essential to ensure you and your advisor can optimally prepare for the mortgage application.

Questions that come up are:

• What information are you seeking, and what do you need to make the right decisions?
• Determining your income, housing needs, and budget. How much can you borrow? How much do you want to borrow?
• Do you qualify for a mortgage? Can you go to any lender, or is the choice limited?
• Monthly costs: are you able and willing to pay the monthly costs associated with a particular mortgage?
• What can we do for you as a mortgage advisor? What can you expect from us?
• You can ask all your questions and start gathering the necessary documents. Uploading documentation is not mandatory for a first orientation, but it can help correct and complete all the information.

Tip 1: Look at our step-by-step plan for buying a house so you are optimally prepared to start We will ensure you are set to search for your new home if you have not yet purchased one. Once you’ve found the right property, you’ll know exactly how much you can bid. And if you really want the house, it helps to let the sellers know that financing won’t be a problem.

Tip 2: Read here how to submit documents correctly to keep up the speed of your mortgage application It is much more convenient if there is enough time to prepare everything in advance and, for example, to request an employer’s statement. Or submit your income tax return if you need it for your mortgage application. Later, when the time comes to arrange the mortgage, you will have all the necessary information and documents ready to go.

Mortgage consultation

This meeting is all about making the right choices and arranging everything. Your advisor will help you construct the right mortgage and choose the best lender. Together, you also discuss which insurance policies will be applied for.

In the mortgage interview, you will discuss at least the following topics:

Now and later

Who are you, what can happen in the future, and what do we need to consider regarding the mortgage construction? How much money are you willing and able to put in? And what are the advantages and disadvantages?

Compare and choose

• the fixed-interest period
• forms of repayment
• the tax aspects of the loan

Gross and net monthly costs

What are the gross and net monthly costs? And how will these develop in the future due to, for example:

• additional repayments in the coming years
• adjustment of the interest rate by the lender
• changes in tax rules, income, house value
• the expiration of the fixed-interest period

Choosing the lender

Choosing the lender who can make you the best offer. The interest rate is obviously important here. In addition, we compare 35 lenders in the market on conditions such as:

• Can I rent out my home once I’ve taken out the mortgage?
• Is it possible to increase the mortgage later, and what are the restrictions?
• Can I repay my mortgage earlier, and what would be the penalty if I repay early?
• Will I get a lower interest rate if I pay off the mortgage over time?
• If I don’t accept the signed mortgage offer anyway (for example, because the interest rate has dropped in the meantime), do I pay a penalty?

Acceptance rules

With which lenders can you get a mortgage? Will all lenders welcome you with open arms as a new customer? Consider situations such as:

• you buy an apartment, and the owners’ association is not active
• a relatively large part of your income consists of bonuses, overtime pay, or allowances
• you have a temporary contract as a PhD student, trainee doctor, or lawyer
• and much, much more.

With proper preparation, all relevant information is known, and your mortgage advisor can select lenders where you are just welcome as a customer.

Insurances

Which insurances are helpful, and which are necessary? What coverages and features should the insurance policies possess? At least the following insurances are discussed:

• Life insurance
• Disability and/or unemployment insurance for living expenses
• Home insurance

Moving house often also means it is an excellent time to compare other types of insurance. Here, too, we can be of service.

Timeline

What is the timeline? What are the critical dates? Especially think about:

• Financing clause: is there one? If so, till when do we have time to reach an agreement on the mortgage?
• Bank guarantee or deposit: how do we arrange this, is there a cost involved, and when should it be arranged?
• When is the house transfer (and therefore, how long should the mortgage offer be valid)?

And, of course, we discuss much more, depending on what is important to you. Selecting an appropriate mortgage is specialist work, so we would like to get to know you better so we can think along with you. The introduction and initial consultation are free of charge. Once the house has been purchased and the mortgage meeting has been scheduled, we will send you our services contract. We ask you to sign this before or after the mortgage interview. After signing the services contract, we can apply for the mortgage, and you will receive our invoice.

Want to know what rate applies to you? That’s no secret; you can find the rates on this page. All our rates include advice and mediation of the mortgage and the associated life and disability insurance (if you receive wages). Do you still need clarification about whether, for example, a surcharge applies? In the introductory meeting, you and your advisor can agree on the rate that applies to you.

Schedule a free appointment

After the mortgage consultation

Usually, all the choices for the mortgage and insurance can be made during the interview. After the meeting, everything can be applied for immediately. It’s good to know that we monitor progress and ensure everything is in order and on time. We will also maintain contact with the notary, the selling broker, or an appraiser. With good preparation, the mortgage application does not have to take long.

Immediately upon application, we will check the documents you have uploaded. While we wait a while for the mortgage offer (indicative offer), you still have time to put the documents in perfect order. When the offer has been received and sent back, the lender can evaluate everything thoroughly and—in principle—immediately approve your mortgage. Because of this working method and the fact that the application is checked immediately upon sending the application, the chance of immediate approval is relatively high.

We have also been able to make tight arrangements with several lenders to review submitted mortgage files within 24 or 48 hours. Want to know how long it takes different mortgage lenders to review documents? We keep track of that here, so you rarely get surprises.

How long will my mortgage application take?

With this tight process, the final approval for your mortgage is often in place within two to three weeks. Sometimes, even faster. There are also situations where the mortgage application usually takes longer. For example, if you are an entrepreneur, then determining the income on which to base the mortgage application takes more time.

Here, you can find the processing times of mortgages per lender.