Releasing Equity in Tilburg

What are your options?

There are three main ways to release equity from your home. Which option suits you best depends on your income, the value of your property, your current mortgage and what you want to do with the money. We compare the available options and calculate what each one means for your monthly payments and financial position.

Refinancing and borrowing extra

One option is to refinance your current mortgage and increase the total amount you borrow. The additional amount allows you to access part of the equity in your home. To qualify, you generally need sufficient income to afford the higher mortgage and monthly payments. The amount you can borrow also depends on the value of your home and the lender's criteria.

We calculate whether refinancing makes financial sense, taking into account your current interest rate, any early repayment penalty and the other costs involved. Read more about the full costs and process on refinancing your mortgage in Tilburg.

Taking out a second mortgage

Another option is to keep your current mortgage and take out an additional mortgage on top of it. This can be attractive if you currently have a low interest rate that you do not want to lose. Your income must generally be sufficient to cover the additional borrowing and monthly payments.

We compare this option with refinancing your entire mortgage, so you can see which solution is more suitable for your situation.

Equity release mortgage

If you have substantial equity in your home but limited income, an equity release mortgage may be an option. In Dutch, this is often called a verzilverhypotheek. With this type of mortgage, you borrow money based partly on the value of your home and your age. Depending on the product and lender, you may receive the money as a lump sum, in regular payments or as a combination of both.

You generally do not make monthly interest or repayment payments. Instead, the interest is added to the outstanding mortgage balance. The mortgage is usually repaid when you sell the property.

There are some important points to consider. Because interest is added to the debt, the amount you owe increases over time. As a result, the equity in your home decreases and your heirs may receive a smaller inheritance. The interest rate may also be higher than for a regular mortgage. Some equity release mortgages offer protection against negative equity, subject to specific conditions, such as selling the property for at least its appraised market value and keeping the home properly maintained.

For expats who plan to remain in the Netherlands after retirement, an equity release mortgage may be worth exploring. We explain how these products work and whether they fit your financial situation and future plans.

Equity and moving to your next home

Considering a move instead of releasing equity in place? Read moving to your next home in Tilburg to see how equity works as bridging finance.

Which option suits you?

The right choice depends on your income, the value of your home, your current mortgage and what you want to use the money for. For expats, other factors may also be relevant, such as foreign pension income, assets abroad or future plans to remain in the Netherlands or move to another country.

We put the different options side by side and calculate what each choice means for your monthly payments, your mortgage debt and the equity remaining in your home.

Want to know your options?

We calculate what may be possible based on your home, mortgage, income and plans for the future. If you are an expat with a home in the Netherlands, we make sure everything is explained clearly, so you understand not only how much equity you may be able to release, but also the long-term financial consequences of each option.