Frequently Asked Questions

Requesting online mortgage advice is very simple. Schedule a no-obligation introductory consultation in my calendar right away via the website, send an email to info@rolingadvies.nl, or call me directly at 015-7009756. During the online introductory meeting, we’ll briefly discuss your financial situation and housing needs.

The first step—scheduling a no-obligation introductory meeting—is quick and easy. You can easily schedule an appointment in my calendar via the website, send an email to info@rolingadvies.nl, or call me directly at 015-7009756.

The length of the entire process—from requesting a mortgage quote to the final approval of the mortgage—varies from person to person. It depends on your needs and financial situation, as well as on other parties, such as a mortgage lender or insurer. On average, an application takes about 3 to 4 weeks.

How much does mortgage advice cost?

You can calculate your maximum mortgage amount using the handy mortgage calculator. This calculator gives you an estimate of how much you can borrow for your new home. If you’d like more insight into your personal situation, feel free to schedule a no-obligation appointment. I’d be happy to help!

I believe it’s very important to work transparently and honestly. That’s why I use fixed rates for mortgage advice. Within this rate, I’ll handle everything related to your mortgage application for you, including advice and taking out insurance policies. So there are no unexpected or hidden costs. Please refer to the comparison chart for more details.

What are the advantages and disadvantages of a fixed-rate mortgage versus a variable-rate mortgage?

Fixed interest rate:

Advantages:

• Stable monthly payments: Your monthly mortgage payments remain the same throughout the fixed-rate period, providing predictability and financial security.

• Protection against rising interest rates: If market interest rates rise, your interest rate will not change, which protects you from higher costs.

Disadvantages:

• Less flexible: You will not benefit from any drop in interest rates during the fixed-rate period.

• Higher interest rates: In general, fixed interest rates are higher than variable interest rates because you're paying for the security of stable monthly payments.

• Penalty interest for early repayment or moving: If you want to make additional payments or refinance your mortgage during the fixed-rate period, the bank may charge a prepayment penalty.

Variable interest rate:

Advantages:

• Lower startup costs: Variable interest rates are generally lower than fixed interest rates, which can result in lower monthly payments at the start.

• Flexibility: If interest rates fall, your monthly payments will immediately reflect this decrease.

• Lower penalty interest: In the event of early repayment or a move, the costs are often lower or nonexistent.

Disadvantages:

• Uncertainty: Your monthly payments may increase if interest rates rise, which carries the risk of higher monthly payments.

• Financial planning: It's harder to plan your monthly budget because your expenses can vary.

• Higher costs when interest rates rise: If interest rates rise significantly, your monthly payments could put an unexpected strain on your finances.

• Lower maximum borrowing capacity: With a variable interest rate, a higher (notional) interest rate is used in the calculation, which may mean you can borrow less, especially with a variable interest rate.

The security of your data in your personal online environment is generally ensured by a number of measures:

• Encryption: Sensitive information, such as personal and financial data, is transmitted and stored in encrypted form.

• Authentication: Strong authentication methods are used, such as two-factor authentication (2FA), which requires you to enter a second factor (e.g., an SMS code or app) in addition to a password to log in.

• Regular security updates: The environment is regularly updated with the latest security patches to address potential vulnerabilities.

• Restricted access: Access to your data is limited to only those employees of the mortgage lender or advisory firm who are directly involved in processing your application, and only to the extent necessary for their work.

In your personal online account with Roling Advies, you can perform the following actions:

• Track the application process: You can follow the mortgage application process step by step, from submitting documents to the final approval and transfer of your file to the notary.

• Uploading documents: You can easily upload all the necessary documents, such as pay stubs, employer statements, and tax returns.

• Download documents: You can also download relevant documents, such as the service agreement, mortgage offer, and other useful information.

• Communicating with Your Advisor: You have a direct line of communication with your mortgage advisor via messages or chat, where you can ask questions or receive updates.

• Review and accept the offer and advice: You can view, download, and accept the service agreement and your mortgage advice online.

Status message: You will receive notifications about the status of your application, such as when you need to submit additional documents or when the next step has been completed.

Use of the personal online portal is included in the mortgage advisory process. Therefore, no additional fees will be charged.

After you’ve taken out a mortgage, the following may happen with your personal online account:

• Continue to recognize: The online portal often remains available so that you can view documents or insurance policies at a later time. You can also file a claim through your personal portal for insurance policies you’ve purchased with Roling Advies.

• Archiving: Your data and documents are usually archived in accordance with applicable regulations, which means they are retained for some time for legal or administrative purposes.

• Restricted access: Over time, access to your account may be restricted to viewing historical data only, or you may need to log in again using specific verification methods to gain access.

• Cancellation: In some cases, you can choose to have your account deleted or your access terminated if you no longer wish to use the online platform.

Yes, it is possible to increase your mortgage during the construction period, for example, to cover additional work. However, this must be approved by the mortgage lender.

Yes, it is possible to refinance your mortgage during construction, but this can be complicated and may involve costs.

Yes, during the construction period, you pay interest on the amounts withdrawn from the construction account, as well as principal payments. Once construction is complete, you begin paying the full amount of interest and continue making principal payments.

In some cases, cancellation fees may be charged after acceptance of the binding offer. This depends on the mortgage lender’s terms and conditions. The fees can range from no charge to 1% of the mortgage amount.

Mortgage interest deduction works the same way for new construction as it does for existing homes. You can deduct the interest you pay on your mortgage from your taxable income, which means you’ll pay less tax.

In addition to financing costs (such as notary, consulting, and brokerage fees), you should also set aside a financial reserve to cover the cost of paying for two homes during the construction period. If you’d like to know more about this, please contact me.

Not necessarily, but some banks do offer special interest rate discounts for new-construction homes because they are often more energy-efficient.

If construction is delayed, the fixed-rate period or the mortgage offer can be extended. However, this may involve additional costs. I’d be happy to provide you with more information about this. Feel free to schedule an appointment!

A new-construction mortgage is a mortgage specifically designed to finance new-construction homes. It often includes specific terms and options, such as a construction escrow account, that differ from those for existing homes.

Mortgage interest usually begins to accrue as soon as the first construction installment is paid. This means you’ll start paying interest on the amount you’ve withdrawn from your construction account.

Yes, you are still entitled to a mortgage interest deduction after the divorce, but only for the portion of the mortgage that corresponds to your share of ownership in the home. If you continue to live in the home and transfer the entire mortgage into your name, you can deduct the interest, provided your income is sufficient. The departing partner loses the right to mortgage interest deduction for that home, unless he or she makes an arrangement such as temporary co-ownership.

Yes, if you want to make changes to your mortgage—such as transferring it to a single name or buying out your partner—it’s often necessary to hire a notary. The notary will update the title deed and the mortgage deed to ensure that everything is legally documented correctly. I’ll take the stress off your shoulders by guiding you through the entire process. For example, I’ll liaise with the mortgage lender regarding the details of your revised mortgage and ensure that the notary receives the correct information and instructions for amending the deeds.

If one of you moves out of the house, he or she is generally no longer entitled to a mortgage interest deduction for that portion of the mortgage. The remaining partner can continue to claim the interest deduction only if his or her income is sufficient to cover the full mortgage payments. The tax authorities may apply specific rules in this regard.

If you buy out your partner, you must pay him or her his or her share of the home’s equity. Equity is the difference between the home’s current value and the remaining mortgage balance. Suppose the equity is €50,000; in that case, you’ll have to pay your ex-partner €25,000 if you each own half of the home. You can finance this amount by taking out a new or increased mortgage.

If you buy out your partner and transfer the mortgage into your name, the interest-only mortgage can remain in place, provided your income is sufficient to cover the full costs. The bank will conduct a new assessment of your financial situation. You can choose to keep the interest-only mortgage or to pay off part of it. I’d be happy to help you make the best choice for your situation. Schedule a no-obligation appointment.

If you don’t meet the income requirements, you may be eligible for the “explain” program. This program offers more flexibility in assessing your mortgage application, taking into account alimony or other financial resources. I’d be happy to help you explore your options.

The deed of division is a notarized document that sets forth how jointly owned property, such as a home, is to be divided following a divorce. If you or your ex-partner continues to live in the home, the deed of division stipulates that the home will be registered entirely in the name of the partner who remains there. This document is essential for legally establishing ownership rights and for meeting the requirements of the bank and the land registry.

A mortgage with the National Mortgage Guarantee (NHG) offers extra security in the event of a divorce. If, after the divorce, you can no longer afford the mortgage payments and are forced to sell your home at a loss, the NHG can cover the remaining debt. This prevents financial problems and provides a safety net, reducing the impact of a divorce on your financial situation. You can also utilize the NHG management standards to make it possible to keep your home. Please contact us for more information.

Yes, even if you're retired, you can still tap into your home equity. There are specific mortgage products for retirees, such as the "eat-up" mortgage, that help you generate additional income from your home.

That depends on how you use the equity. If you increase your mortgage, your monthly payments may go up. With a drawdown mortgage, you can choose not to make monthly payments, which keeps your monthly payments the same. I’d be happy to discuss all the options with you.

I can arrange for an appraisal to determine the current market value of your home. Based on this appraisal and your current mortgage balance, I’ll calculate the equity.

The process can usually be completed within a few weeks to a few months, depending on the complexity of your situation and the mortgage option you choose. I’ll guide you through the entire process to ensure everything goes as quickly and smoothly as possible.

Although it isn't required, I strongly recommend seeking mortgage advice. Tapping into your home equity is an important financial decision with long-term consequences. I'll help you make the best choices, tailored to your situation and needs.

There are costs associated with changing your mortgage, such as notary fees, appraisal fees, and advisory and brokerage fees. I’ll give you a clear overview of all the costs so you know exactly what to expect.

I believe it’s very important to work transparently and honestly. That’s why I charge fixed rates for mortgage advice, taking your specific situation and needs into account. Within this rate, I’ll handle everything related to your mortgage application for you, including advice and taking out insurance policies. So there are no unexpected or hidden costs. Please refer to the comparison chart for more details.

Yes, in most cases, the interest on a loan for renovating your own home is tax-deductible, provided the loan is used for the maintenance or improvement of the home in which you live.

Yes, you can use a mortgage top-up for both home maintenance and home improvements. Examples include replacing a roof, renovating the kitchen or bathroom, or landscaping the yard.

The process of increasing your mortgage can take anywhere from a few weeks to a few months, depending on the complexity of your situation and how quickly you submit your documents. A detailed renovation plan and quotes can speed up the process.

The maximum amount you can borrow depends on your income, the value of your home, and your existing mortgage balance. I’d be happy to run the numbers for you so you know exactly what your options are.

If you don’t have enough home equity, you might want to consider taking out a personal loan. This can be an alternative for smaller home improvements. The interest rate is usually higher than on a mortgage, but the loan is often available more quickly.

You’ll usually need recent pay stubs, a summary of your current mortgage, an appraisal report for your home, and detailed renovation plans or quotes. During an online consultation, I’ll provide you with a complete list of the required documents.