A mortgage scores points on more than just its interest rate.
Why choose a Rabobank mortgage?
Who wouldn’t want low monthly mortgage payments? When comparing mortgages, you will undoubtedly be looking for one with a low interest rate. However, it’s a good idea to look further than just that. A mortgage scores points on more than just interest rate. Did you know that Rabobank mortgages are given a 5 star rating by MoneyView? And that discussions with our advisors are rated 8.5 by our customers?
To help you decide, we have listed the top 10 best points about a Rabobank mortgage, as follows.
Signed mortgage offer is valid for 12 months
A signed mortgage offer for the purchase of a house or a new construction is valid for 12 months. This means you don’t have to worry about the agreements in the mortgage offer for a year. An offer for the refinancing of your mortgage is valid for 3 months, and 6 weeks for increasing your current mortgage.
The mortgage offer guarantees that you will get the mortgage.
A mortgage offer is not only our offer to you, but also gives you the assurance that you will actually get the mortgage.
You provide documents before your consultation with the advisor, such as a salary slip, employer’s statement and purchase agreement. On the basis of these documents we will be able to make you a mortgage offer that suits your circumstances. As soon as you receive the offer from us, you can be sure that you can purchase the house.
You pay the interest from your mortgage offer, or even a lower interest.
If the mortgage commences within 3 months after the date of the offer, you pay the interest stated in the offer, even if the interest rate has increased in the meantime. If the interest rate is lower at that moment than the interest in your offer, then the lower interest rate applies. If the mortgage commences later than 3 months after the date of the offer, then you will pay the interest rate valid at 3 months after the date of the offer or the interest rate stated in your offer, if that is lower.
You pay no extra formalisation fee for a bridge loan
If you’ve bought a house and your old house is not yet sold, then you will temporarily have two mortgages. If you need a bridge loan in this case, you will not have to pay any extra formalisation fees.
You pay no fees for the interim adjustment of your interest rate premium.
Your borrowed mortgage amount is compared to the market value of your house. Sometimes you pay a premium on the mortgage interest, for example if you do not have a National Mortgage Guarantee, or when you’ve borrowed more than 67.5% of the market value. If your house has increased sufficiently in value and/or you have repaid enough, the premium may decrease. If this is the case, let us know and we will make an interim change to the interest rate, free of charge.
Repay up to 20% of the initial principal without penalty
Each year, you can pay up to 20% of your initial mortgage penalty-free. The mortgage terms and conditions state which percentage applies to your mortgage debt portion. Repayments can also have tax consequences. For this reason, you should carefully check what the most sensible course of action is in your situation.
Discount on mortgage interest rate with a Rabobank payment package
If you have a payment package with us, you may be eligible for a discount on your mortgage interest rate. Conditions include that your income is deposited into this payment account, your mortgage repayments are debited from the account via an authorisation, and that a new fixed-interest period begins.
The interest on your construction trust is the same as your mortgage interest
We deposit the money for a mortgage for a new building or renovation in a construction trust. You use this to pay the invoices for the construction works. The interest that you receive on the construction trust is as high as the interest that you pay for the mortgage.
You can get a Rabobank mortgage even with a flexible income
Flex workers who have been working for a minimum of one year for Randstad, Tempo-Team or Yacht can apply for a mortgage at Rabobank with a financial outlook statement. A financial outlook statement looks at the prospects for employment and income security, rather than job security.
Flex workers without a financial outlook statement can also come to us for a mortgage. In that event, we look at the income over the past three calendar years.
Good potential for a mortgage for the self-employed
You can also get a mortgage as an independent entrepreneur. In most cases, the bank will look at the annual financial statements for the last three years in order to determine the size of the loan.
Borrow more at Rabobank
At Rabobank, the self-employed can often borrow more than at other banks. With us, the maximum loan amount is equivalent to that of someone who is employed, that is, up to 101% (2017) of the house value. Some lenders allow the self-employed to borrow less than a private customer.
Starting self-employed: 1 annual financial statement and a forecast
Rabobank also has solutions for the starting self-employed. If you can provide one complete annual financial statement and have an accountant make a forecast for the coming year, we can already assess whether you are eligible for a mortgage.
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