Whatโs it like trying to get a mortgage deal in other countries? Letโs take a look.
๐ง๐ต๐ฒ ๐ก๐ฒ๐๐ต๐ฒ๐ฟ๐น๐ฎ๐ป๐ฑ๐
Dutch mortgages typically last for 20 to 30 years, and the interest rate automatically decreases as the loan is paid down.
This means homeowners donโt waste time and money re-mortgaging every few years.
๐ง๐ต๐ฒ ๐จ๐ฆ
In the US, 15, 20 and 30-year fixed rate deals are the norm.
However, securing such a deal is tougher now than 15 years ago, as regulators tightened the lending rules after the 2008 financial crisis.
๐ฆ๐ผ๐๐๐ต ๐๐ณ๐ฟ๐ถ๐ฐ๐ฎ
To secure a mortgage in SA, customers need a 50% deposit or a property to put forward as collateral. Most mortgages are on variable rates.
๐๐ผ๐ผ๐ธ๐ถ๐ป๐ด ๐๐ผ ๐๐ฎ๐ธ๐ฒ ๐๐ผ๐๐ฟ ๐ณ๐ถ๐ฟ๐๐ ๐๐๐ฒ๐ฝ ๐ผ๐ป ๐๐ต๐ฒ ๐ต๐ผ๐๐๐ถ๐ป๐ด ๐น๐ฎ๐ฑ๐ฑ๐ฒ๐ฟ? ๐ช๐ฒโ๐ฟ๐ฒ ๐ต๐ฒ๐ฟ๐ฒ ๐๐ผ ๐ต๐ฒ๐น๐ฝ โ ๐ฐ๐ผ๐ป๐๐ฎ๐ฐ๐ ๐๐ ๐๐ผ๐ฑ๐ฎ๐.
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