Mortgage
Mortgage From Sterwiki the term mortgage are used in two
different meanings. These coincide, but must be separated.
A mortgage is a right business that to registergoed (generally
an immovable property) rests, which has been given in onderpand for a
loan. This loan himself (generally supplies by a bank) in the
spraakgebruik mortgage is frequently called. Mortgage loan or
loan with hypothecare certainty. That the money lends hot
hypotheeknemer (he takes it good as a pand) or mortage holder the
person or institution (generally a bank) (he keeps it well in
onderpand). The borrower is called mortgage donor (he gives it
good as a pand). (In fact the term ' pand ' is correctly not
whole, since that is related to movable property, but the impact is
the same: a verhaalsrecht is established there.) Table or
contents showTocToggle('show', 'hide) 1 legal 2 financial 3 supply of
a mortgage loan 4 dangers at mortgages legally the emphasis lies on
the right which has the mortage holder. The hypotheekrecht have
been registered in a public register. At immovable property the
this land register is, for (larger) ships and planes there also public
registers are. The impact of the registration is, which can be
examined if the pand is burdened with mortgage. The major part
of the mortgages is related on immovable property or on rights which
have been inferred of immovable property: apartment rights or
right of opstal. The term right ' business ' implies that linked
the object has been burdened with mortgage, also if the object changes
of owner. Only the mortage holder can commission to the register
to cancel this right business; ' by obtaining '.
Generally this happens at sale of the house, after the being
open debt has been satisfied. Of obeying a mortgage is that the
hypotheeknemer have to the possibility the immovable sell property in
public as a mortgage donor to be obligations do not comply with.
This ready executie is called. But this occurs at a small
part of the supplied mortgages. Financially the major part of
the mortgages coincides with purchase of immovable property, where
serves the mortgage as a certainty for invited loan. Since the
legal side of the phenomenon mortgage reaches only in a small number
of cases implementation, yet the financial impact is each month
noticeable, in the spraakgebruik the term is used for the loan.
There is a multiplicity to loan forms in turn. Generally
it is the intention that at the end of the duration the loan has been
paid back. Interim periodically (at house mortgages generally
monthly) interest must be frequently paid, and relay. There is
difference between the duration of the loan (frequently 30 years) and
the period on which the agreed interest percentage lies fixed.
Those interest-fixed can vary period of ' very short ' (for
example every month wijzigbaar) to to duration of the loan.
Interest-fixed period 10 years comes at present it most for.
How shorter the rentevast period, how lower the interest
percentage. As from approximately 1980 a tempestuous development
has been in the field of mortgage loans. This has conducted up
to a multiplicity to financing forms, which is related to the agreed
interest (the way in which the mortgage donor is protected against
renteschommelingen) and on the manner of relay. The '
traditional ' loan forms are the linear mortgage and the
annuïteitenhypotheek. Modern forming is the savings-based
mortgage, and the placement mortgage. Also can be chosen for a '
grace ' mortgage, he who is not relayed and where the interest is
therefore only paid. After expiring the duration a new mortgage
is concluded. The interest which is paid for its own house (if
main residence) is in the Netherlands (in principle) fiscally
deductible. This has conducted to several aflosvormen, where at
the end of the duration the loan in one time is just paid back.
In the meantime a capacity is built to relay the debt in a time.
Building the this capacity takes place in the form of premium
payment for a life insurance: it insured capital at end of the
duration is then applied for relay of the mortgage or a placement
insurance, where a part of the premium is used to convene. Such
a relay insurance has generally a death cover in itself. This
risk insurance shares to aim at early death of the insured person (of)
of relaying the debt. Supply of a mortgage loan at comes about
be important of a mortgage loan a number of matter. Thus must be
there an assessment between the altitude of the loan to supply, and
the value of the house. For calculating this assessment the
executiewaarde of the onderpand is generally taken as a main point.
Many hypotheeknemers supply up to 125% of this executiewaarde as
maximum loan. As a fist rule considers that the executiewaarde
is generally stipulated on to 85% 80 of the free market value.
Rack sum mentioned below gives an example of the calculation of
the maximum mortgage loan: Free market value according to
taxatie: 215,000 executiewaarde (85%) 182,750 maximum hypotecaire
loan (125%) 228,438 beside the value of the onderpand, are important
also the financial situation of the mortgage donor (the one who lends
the money). The hypotheeknemer must of are able go that the
financial obligation which is contracted under normal circumstances
can be complied with. Entering the borrower is important
therefore, but leenhistorie also its such as that (in the Netherlands)
at the office credit recording (BKR) have been fixed can a role play.
As the hypotheeknemer insufficiently certain additional
certainty be asked, for example guarantee are by a third of its
matter, can. Of course also the leenaanvraag can be rejected.
Several details around the situation of the mortgage donor can
influence the process. Thus someone will have a negotiation
position better with a steady job, which has concluded its trial
period, than someone with a temporary contract. (Small) an
entrepreneur who than three years ondernemershistorie shorter also
problems will have at obtaining the loan. And current
obligations, such as alimony or other loans influence besteedbaar
entering, and stipulating therefore it up to amount to lend.
Dangers at mortgages for most of the people are the purchase of
a house and financing of it one of the largest financial decisions of
their life. It is thus best that one realises oneself well what
is the impact of such a decision. It is advise at an early stage
win information in. Largely before one goes in search to a
house. (Between purchase of a house and the actual property
transfer sits generally a period of minimum two months. It is
advise have in avance done the ' house work '.) The value of a
house will remain never right. Although, the value of the
average house (expressed in nominal euro) clearly increased proves
seen over several decades be, be designate there also periods in which
were not the this case. Particularly in periods of high capital
market interest and a bad economic situation can appear considerable
value falls. The mortgage debt continues sound however in
nominal euro. If one is obliged at such a moment to sale, a bank
will only cooperate in cancellation of an insurance policy of the
mortgage if the difference between the mortgage debt and (lower) the
sale turnover is made up - and of course the purchaser will stand that
the mortgage has been cancelled the moment him the house is
transferred. In fact is at a mortgage talk of a purchase of an
object of which the value can modify (both positively and negatively),
which is financed with a loan of which the value (subject to relays)
remains right. In the financial world such a situation stands
confessed as gearing or ' leverage ': the value of the
difference which two amounts to (the ' overwaarde ') fluctuates with
the value of the house, yet that fluctuation is much in terms of
percentage stronger. At a placement mortgage tevens talk of a
risk is because the value of the beleggingsdepot needs be not
inevitably sufficient relay the mortgage debt. As a result, in
fact talk of double leverage is at these hypotheekvorm. A
particular aspect of the risk of mortgages has been lain in the tax
aspect. The net monthly charges of a mortgage loan are to a
great extent influenced by the tax treatment of the paid interest and
of built save - or beleggingsdepots. The tax legislation is
regular to change liable, so that here must be enough with the
observation that each financial construction which is for its
attractiveness to a great extent dependent on tax aspects strongly
bears the risk in itself that at a modification of the tax legislation
that attractiveness is diminished, or even in a disadvantage can turn.
Or there in such a case in a transitional measure for existing
cases becomes to foresee, is not of course total predict.
Categorie:Wonen de:Hypothek en:Mortgage fr:Hypothèque
ja:抵当権
Source "mortgage": Wikipedia.org
Head index page of "mortgage"
|
|
|
|
