Whatโ€™s it like trying to get a mortgage deal in other countries? Letโ€™s take a look.

๐—ง๐—ต๐—ฒ ๐—ก๐—ฒ๐˜๐—ต๐—ฒ๐—ฟ๐—น๐—ฎ๐—ป๐—ฑ๐˜€
Dutch mortgages typically last for 20 to 30 years, and the interest rate automatically decreases as the loan is paid down.

This means homeowners donโ€™t waste time and money re-mortgaging every few years.

๐—ง๐—ต๐—ฒ ๐—จ๐—ฆ
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.

๐—ฆ๐—ผ๐˜‚๐˜๐—ต ๐—”๐—ณ๐—ฟ๐—ถ๐—ฐ๐—ฎ
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.

๐—Ÿ๐—ผ๐—ผ๐—ธ๐—ถ๐—ป๐—ด ๐˜๐—ผ ๐˜๐—ฎ๐—ธ๐—ฒ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ณ๐—ถ๐—ฟ๐˜€๐˜ ๐˜€๐˜๐—ฒ๐—ฝ ๐—ผ๐—ป ๐˜๐—ต๐—ฒ ๐—ต๐—ผ๐˜‚๐˜€๐—ถ๐—ป๐—ด ๐—น๐—ฎ๐—ฑ๐—ฑ๐—ฒ๐—ฟ? ๐—ช๐—ฒโ€™๐—ฟ๐—ฒ ๐—ต๐—ฒ๐—ฟ๐—ฒ ๐˜๐—ผ ๐—ต๐—ฒ๐—น๐—ฝ โ€“ ๐—ฐ๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜ ๐˜‚๐˜€ ๐˜๐—ผ๐—ฑ๐—ฎ๐˜†.