To buy a home, you need your own funds. You can’t borrow more than the value of your new home. All other costs are paid by you directly, using savings, for example. Think of the costs for mortgage advice and the civil‑law notary.
Here’s how to calculate how much of your own funds you need
Broadly speaking, there are 5 steps before you receive the keys to your first home. For each step, we explain what’s best to do. There’s a first time for everything!
Buy your first home in 5 steps
"}},{"title":"What is home equity and what can you do with it?","richBody":{"value":"What is home equity and how can you use it? You can use the equity in your home in several ways: when buying another property, for a renovation or making your home more sustainable (for example, with solar panels or better insulation), but also for other purposes.
What is equity and what can you do with it?
"}},{"title":"How much of my mortgage can be interest‑only?","richBody":{"value":"You can take out an Interest‑Only Mortgage for up to 50% of your home’s market value. Anything above 50% of the market value is then borrowed using another mortgage type, or (partly) financed with your own funds. In addition, with an Interest‑Only Mortgage you can only claim mortgage interest tax relief under certain conditions.
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Handy when you’re house‑hunting, or just curious.","image":{"transformBaseUrl":"https://assets.ing.com/transform/4a943552-1210-4522-ace4-4f00f8b6eb8c/lorry","type":"image","width":160,"original":"https://assets.ing.com/m/7a023106c80e294a/original/lorry.svg","extension":"svg"},"link":{"url":"/en/personal/mortgage/mortgage-calculator"}},{"componentType":"productCard","cardType":"product","cardSize":"small","title":"Savings Account","intro":"Create savings pots, set up automatic deposits, and access your money anytime, anywhere.","image":{"transformBaseUrl":"https://assets.ing.com/transform/bbb065ef-da28-4699-aadb-8cac66ad238c/keys","type":"image","width":160,"original":"https://assets.ing.com/m/6a4cba6307a929ef/original/keys.svg","extension":"svg"},"link":{"url":"/en/personal/savings/savings-account"}},{"componentType":"productCard","cardType":"product","cardSize":"small","title":"Borrowing for a renovation","intro":"For a new kitchen, more living space, or to make your home more sustainable with, for example, solar panels or better insulation.","image":{"transformBaseUrl":"https://assets.ing.com/transform/21cf1525-73bd-40fe-b76f-d71c5a3d1ced/Comfort-investment-woman-hammock-scene-1","type":"image","width":1200,"original":"https://assets.ing.com/m/b0b16f4cd168919/original/Comfort-investment-woman-hammock-scene-1.svg","extension":"svg"},"link":{"url":"/en/personal/loans/your-goals/finance-renovation"}}]},{"componentType":"linkList","linkListCTA":{"textLink":{"url":"/en/personal/mortgage/contact","text":"Make an appointment"},"icon":{"transformBaseUrl":"https://assets.ing.com/transform/854ac23a-649f-48ee-bf15-cf45b9427bf0/Persons-Avatar_Outline","type":"image","width":32,"original":"https://assets.ing.com/m/6387f2439958c9e5/original/Persons-Avatar_Outline.svg","extension":"svg"}},"componentStyle":"default","iconTitle":{"title":"Everything about buying a home"},"textLinks":[{"text":"Buying your first home"},{"url":"/en/personal/mortgage/buying-a-house/buying-another-house/maximum-mortgage-calculation","text":"Buying another home"},{"url":"/en/personal/mortgage/mortgage-calculator","text":"Calculate your maximum mortgage"},{"url":"/en/personal/mortgage/contact","text":"Free orientation appointment"},{"url":"/en/personal/mortgage/property-services","text":"Property services"},{"url":"/en/personal/mortgage/mortgage-types","text":"Mortgage types"}]}]},"freeHeaderZone":{"flexComponents":[{"componentType":"cards","cards":[{"componentType":"productCard","cardType":"product","cardSize":"small","title":"Buying a new home","intro":"We’re happy to give you some guidance for buying a home.","body":"We’re happy to give you some guidance for buying a home.","image":{"transformBaseUrl":"https://assets.ing.com/transform/4836378d-925b-492c-a856-ebe57cab828b/mortgage-home-overview-svg","type":"image","width":352,"original":"https://assets.ing.com/m/3badbdb87bd4c1d2/original/mortgage-home-overview-svg.svg","extension":"svg"},"link":{"url":"/particulier/hypotheek/huis-kopen"}},{"componentType":"productCard","cardType":"product","cardSize":"small","title":"Mortgage types","intro":"All ING mortgage types at a glance.","body":"All ING mortgage types at a glance.","image":{"transformBaseUrl":"https://assets.ing.com/transform/e89b9bf8-049c-4e88-b22a-223bbe5e9017/womanthinkingmoneyhouse","type":"image","width":0,"original":"https://assets.ing.com/m/7ef1c756bc48383f/original/womanthinkingmoneyhouse.svg","extension":"svg"},"link":{"url":"/en/personal/mortgage/mortgage-types"}},{"componentType":"productCard","cardType":"product","cardSize":"small","title":"Financing","intro":"How can you finance your new home?","body":"How can you finance your new home?","image":{"transformBaseUrl":"https://assets.ing.com/transform/6bdc3f75-17ef-484e-bde8-7838f6547774/House-mortgage-money-spot","type":"image","width":160,"original":"https://assets.ing.com/m/58408ca2a3d56c48/original/House-mortgage-money-spot.svg","extension":"svg"},"link":{"url":"/particulier/wonen/huis-kopen/financieren"}},{"componentType":"productCard","cardType":"product","cardSize":"small","title":"Buyer’s costs","intro":"When buying or selling a home, there are various costs to consider.","body":"When buying or selling a home, there are various costs to consider.","image":{"transformBaseUrl":"https://assets.ing.com/transform/8fa3cd0a-1292-42a0-86c9-578abfd41a88/wallet-coins-debit-card-money","type":"image","width":0,"original":"https://assets.ing.com/m/1ef6d720874e13b9/original/wallet-coins-debit-card-money.svg","extension":"svg"},"link":{"url":"/particulier/hypotheek/kosten-koper"}},{"componentType":"productCard","cardType":"product","cardSize":"small","title":"Sustainable living","intro":"How do you get started? Which grants are available? You’ll find it here.","body":"How do you get started? Which grants are available? You’ll find it here.","image":{"transformBaseUrl":"https://assets.ing.com/transform/12c09012-73f4-4951-92d2-c2a222bc903f/renovation-loan","type":"image","width":1018,"original":"https://assets.ing.com/m/652ea162481c5bbf/original/renovation-loan.png","extension":"png"},"link":{"url":"/en/personal/mortgage/sustainable-living"}}]}]},"legalZone":{"flexComponents":[{"componentType":"paragraph","title":"Good to know","richBody":{"value":"The English text of the website is a translation of the Dutch original version. This translation is intended for the customers convenience only. In case of any discrepancies between the two versions, the original Dutch version shall prevail. The mortgage offer and contract will be signed in Dutch. Also, all further communication after signing the mortgage contract will be in Dutch. You acknowledge and accept this. If any assistance or clarification is needed, we recommend contacting your mortgage advisor or to call our customer service via the ING app.
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