A sound mortgage sum

During the first appointment with Direct Insurance Aruba, it is necessary to get a clear view about your personal situation, We do need an answer on the following questions:

1. What your income is?
2. How high is the interest on that moment?
3. What is the value of the house for which you close the mortgage?

The bank first will take your income in account. Mostly the bank starts of from a so-called ‘woonquote’. This is the maximum part of your income that you can use for the mortgage burdens. Next to the financings burdens, you also have other costs, as insurances premiums. It is meaningfully to point out what the total amount of your other expenses are, and reflect these costs on your income.

For the total mortgage burdens, you have a particular part of your income available. The mortgage burdens consist for a large part of interest. If the interest is high, you can take a less high loan. If the interest is low, you usually can loan a higher amount. The house for which you close the mortgage, is the pledge of the loan. When you are no longer able to pay your mortgage, the bank cane in the most extreme case take actions and sell your house. The value of the house is there for very important to the bank.