Around 50 years old and do you have moving plans? Here's what you need to know!
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Reaching 57 years marks an important turning point in financial planning, especially when it comes to applying for a mortgage. To calculate your maximum mortgage, this age involves specific changes for mortgage providers. It is therefore wise to take action on time if you have any other housing needs. We explain what is changing.
Calculating your maximum mortgage
The method for calculating your maximum mortgage changes after you reach 57e. This is because mortgage lenders not only include your current income, but also your expected pension income. This can lead to a lower mortgage, as your pension income is usually lower than your regular salary.
However, it is not always the case that you lower the maximum mortgage. Indeed, from the state pension age, slightly wider mortgage standards are used, partly thanks to the lower tax rate in the first instalment. A financial advisor. can make a personal calculation to give you a clearer picture of your options.
Do you want to have your mortgage calculated? At Van Loon, you will receive a specific calculation on your personal situation.
Important points to take into account
If you are between 50 and 56 years old and are considering taking out a mortgage or changing your existing mortgage, there are a few important points to take into account:
* Your retirement income
The way in which your income is assessed is changing. It is crucial to make a realistic assessment of your future financial situation, including pension income.
* Overvalue
Do you have excess value on your current home? This can affect the mortgage options that are available, both for refinancing an existing mortgage and taking out a new one.
* Take out a new mortgage or modify an existing mortgage
Whether you want to take out a new mortgage or change your existing mortgage, it's important to understand the different options available and their terms and conditions.
Opportunities for good guidance
Taking out a mortgage between you 50-55e The year of life requires careful consideration of various factors. However, with the right information and guidance, you can still find excellent mortgage options that suit your phase of life and financial situation.
Are you curious about what we can do for you? Or do you want to have your mortgage calculated?