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We do not refinance lease back real estates, please be aware of this. As a first stage, a real actor carries out a conservation assessment of the value of the resale of your realty. Many mortgage lenders will not look at your files unless you have already done so.
It is important to ask the broker to be considerate, as the lender sends their own appraiser to look at your real estate later in the process. Your real estate broker will be able to help you with this later. And there are transactions that need to be planned when you consider whether your actual real estate value is high enough for the proposed venture to make sence.
Early repayment fee for your outstanding loan - review your loan proposal to see if this is true, the limit that any major financial institution can calculate is six month interest on the amount paid back, not to excess 3% of the outstanding principal. Notarial fees - in most cases, a Dutch lawyer will have to convert the fee entered on the name of your real estate from the old to the new banking institution, the fee usually being around 1.5% of the new loan amount.
Banking and brokerage charges - this depends on your particular scheme and the selected financial institution, you are planning 1.5% of the new loan amount for appraisal purpose. Since we have not exceeded the 80% limit of the allowable value of the real estate, this is a possible investment. Remember that even if the new mortgage payment is lower than the prior payment, you still need to get eligible for the mortgage.
Your financial institution will take into account your indebtedness, your net worth and your available earnings.