What is NHG (Nationale Hypotheek Garantie)?

The National Hypotheek Garantie (NHG) is an essential tool for those wishing to purchase a home in the Netherlands. Let’s take a closer look at what it is and what benefits it offers:

What is the NHG?

NHG is a guarantee that you can obtain when you apply for a loan to buy or renovate a home. It provides additional security and significant interest discounts on your mortgage.

Benefits of the NHG

  • Payment facilities: In case of temporary financial difficulties, NHG offers the Financial Burden Facility, which helps you to maintain your home.
  • Restschuld: If you have to sell your home and the sale does not cover the debt, the NHG can forgive the debt.
  • Interest discount: With NHG, you enjoy a lower interest rate, which can mean significant savings over time.

Is NHG right for you?

  • If you are looking for security and lower interest rates, NHG may be the ideal choice.
  • It is important to know the limits of the NHG and whether you qualify for it.

Frequently Asked Questions about NHG

  1. Why choose NHG? NHG offers additional security and lower interest rates, which can translate into significant financial savings over time.
  2. What is the NHG limit in 2024? The NHG limit in 2024 is €435,000, and can increase to €461,100 if energy improvement costs are included.
  3. ¿Es obligatoria la NHG? No es obligatorio obtener la NHG, pero puede ser una opción beneficios para aquellos que deseen obtener una hipoteca con tasas de interés más bajas.
  4. How much does NHG cost in 2024? The NHG has a one-off cost of 0.6% of the mortgage amount. This cost can be tax deducted and is generally recovered through interest savings.
  5. How much can I borrow with NHG? The maximum mortgage amount with NHG is €435,000 for the purchase of a property and up to €461,000 if energy improvements are included.

For more information about the NHG and how it can benefit you, visit the website of the Waarborgfonds Eigen Woningen.

Leave a Comment

Your email address will not be published. Required fields are marked *