What to do if you want to use a second loan to pay for a mortgage or another home?
The term of your loan partly determines the amount of interest. The longer the term, the lower the monthly costs. But that does not mean that the final price you pay is also lower. After all, you are repaying for longer. So make a proper assessment in terms of duration, whereby the total amount is the leading factor. Surely if you want to geld lenen zonder bkr toetsing, it’s important to check all important aspects of these loans.
Compare insurers with 2nd home purchase
Of course, you want to insure a second home as well. Many people are inclined to take the same insurer as where they have all their insurance business running. Because that’s so easy. Do realise that you probably won’t be out the cheapest. We always recommend that you compare your home insurance as well.
Financial consequences for taking a second loan
If you are considering buying a second home, you also have to take into account a number of additional financial obligations:
The Tax and Customs Administration considers a second home and the corresponding debt as capital and is therefore taxed in box 3. In other words, you have to pay tax on it.
- You may deduct the loan for a second home from your equity, but the interest and maintenance costs are not deductible.
- Municipal taxes. You also pay municipal taxes for your second home, such as water board tax, property tax, garbage tax and sewerage tax.
In Holland You Have To Almost Always Pay More Taxes
Almost 40 percent of the Dutch municipalities levy commuter tax. This is a tax for people who move into a furnished house more than three months a year in the municipality concerned. So if you rent out your house for less than nine months a year, there is a good chance that you will pay commuter tax.