When your mortgage term ends, your mortgage must be repaid. With some types of mortgage, you automatically repay during the mortgage term, while with other mortgage types you must repay the entire mortgage in one go at the end of the term. You can find all the information about your mortgage in My ING and the ING App. You can also check your Annual Statement. See below to check whether your mortgage has been repaid on the end date.
"}},{"componentType":"accordion","accordionList":[{"title":"You have an Interest Only mortgage","richBody":{"value":"With an Interest Only mortgage, you only pay interest during the term of the mortgage. You are responsible for ensuring that you have the funds to repay your mortgage in full on the end date. If you do not build up sufficient capital yourself, you run the risk of having to sell your house to repay your mortgage on the end date. In addition, there is a chance that the proceeds from the sale will be insufficient to repay your mortgage.
"}},{"title":"You have an Annuity or Linear mortgage","richBody":{"value":"An Annuity mortgage is repaid in full at the end of the term. Your monthly payment consists of interest and a repayment. At the start, you mainly pay interest and repay little. Over time, you repay more and more and pay less and less interest.
A Linear mortgage is repaid in full at the end of the term. Your monthly payment consists of interest and a repayment. The amount you repay each month remains the same throughout the term. Because your debt decreases each month, you pay less and less interest during the fixed interest rate period.
"}},{"title":"You have a mortgage in which you save or invest to pay off the mortgage","richBody":{"value":"Dat is bijvoorbeeld het geval bij een:
Bij deze hypotheekvormen spaar je maandelijks of leg je maandelijks een bedrag in. Met dit bedrag bouw je vermogen op waarmee je jouw hypotheek aan het einde van de looptijd (gedeeltelijk) aflost. Beleg je om jouw hypotheek af te lossen? Jouw opgebouwde vermogen kan dan aan het einde van de looptijd lager zijn dan gepland.
Hoogte van het opgebouwde bedrag
Hoeveel je op dit moment hebt opgebouwd, vind je terug op het Jaaroverzicht van jouw (Bank)spaarrekening, beleggingsrekening of verzekeringspolis. Is het bedrag aan het einde van de looptijd niet voldoende om jouw hele hypotheek te kunnen aflossen? Dan houd je een schuld over. Deze moet je met eigen geld betalen op de einddatum van jouw hypotheek.
This is the case, for example, with:
With these types of mortgages, you save or invest a monthly amount. This amount allows you to build up capital with which you can (partially) repay your mortgage at the end of the term. Are you investing to repay your mortgage? Your accumulated capital may then be lower than planned at the end of the term.
Amount accumulated
You can find out how much you have accumulated at the moment in the annual statement for your (bank) savings account, investment account or insurance policy. If the amount at the end of the term is not sufficient to repay your entire mortgage, you will be left with a debt. You will have to pay this with your own money on the expiry date of your mortgage.
Are you unable to pay off your entire mortgage during the term or are you not building up sufficient equity in your mortgage? Below you can read what you can already do to reduce your mortgage debt.
"}},{"componentType":"accordion","accordionList":[{"title":"Additional redemption during your mortgage term","richBody":{"value":"Je kan jouw hypotheekschuld alvast verlagen door tijdens de looptijd extra af te lossen op jouw hypotheek. Wil je gaan aflossen op jouw hypotheek? Lees hier meer over aflossen op jouw hypotheek.
You can reduce your mortgage debt by making additional repayments on your mortgage during the mortgage term. Would you like to make repayments on your mortgage? Read more about repaying your mortgage here.
"}},{"title":"Conversion to Annuity or Linear mortgage","richBody":{"value":"You can also reduce your mortgage debt during the term by converting your mortgage (partially) to an Annuity mortgage or a Linear mortgage. Would you like to convert your mortgage? Please contact us.
"}},{"title":"Make additional deposits or savings","richBody":{"value":"If you have an Investment mortgage, a Maatwerk mortgage or a Leven mortgage, you can also make additional contributions (within the tax requirements). This may enable you to achieve a higher end capital amount that can be used to repay your mortgage.
"}}]},{"componentType":"sectionTitle","title":"What if you are unable to repay on the due date?"},{"componentType":"paragraph","richBody":{"value":"Do you have a mortgage that you must repay in full or in part with your own funds at the end of the term, and do you think you will not have sufficient funds to do so? Please contact us or your intermediary to explore the options.
"}},{"componentType":"sectionTitle","title":"Extend mortgage term"},{"componentType":"paragraph","richBody":{"value":"At the end of your mortgage term, you must repay the mortgage. Do you have an Annuity mortgage, a Linear mortgage or a (Bank) Savings mortgage? In most cases, your mortgage debt for this part of the loan will be repaid in full.
We will notify you 18 months before the term of your mortgage ends about the options available on the expiry date of your mortgage. Are you unable to repay the mortgage on the expiry date? Depending on the total mortgage debt on your home and your financial situation, we can extend the term of your mortgage by up to 30 years.
Important to read if you want to extend your mortgage term:
Please feel free to contact us on 020 22 888 88. We are happy to help you on working days from 8.30 a.m. to 5 p.m. You can also contact your intermediary.
"}},{"componentType":"cta","textLink":{"url":"https://www.ing.nl/particulier/hypotheek/contact/open-bhr?subscrid=cmnl-mort-open-bhr","text":"Plan an appointment"}},{"componentType":"linkList","iconTitle":{"title":"Do you have questions?"},"textLinks":[{"url":"/en/personal/customer-service","text":"Frequently asked questions mortgages"}]},{"componentType":"linkList","iconTitle":{"title":"More about"},"textLinks":[{"url":"https://www.ing.nl/hypotheekcheck","text":"Mortgage check"},{"url":"/en/personal/mortgage/your-mortgage/how-to-make-additional-repayments-on-your-mortgage","text":"Mortgage additional repayments"},{"url":"/en/personal/mortgage/your-mortgage/full-early-repayment","text":"Full repayment of your mortgage"}]},{"componentType":"linkList","iconTitle":{"title":"Hypotheken"},"textLinks":[{"url":"/particulier/hypotheek/hypotheek-berekenen","text":"Maximale hypotheek berekenen"},{"url":"/particulier/hypotheek/actuele-hypotheekrente","text":"Actuele hypotheekrente"},{"url":"/particulier/hypotheek/oversluiten","text":"Hypotheek oversluiten"},{"url":"/particulier/hypotheek/huis-kopen/je-eerste-huis-kopen/startershypotheek-berekenen","text":"Eerste huis kopen"},{"url":"/particulier/hypotheek/huis-kopen/ander-huis-kopen/maximale-hypotheek","text":"Ander huis kopen"},{"url":"/particulier/hypotheek/jouw-hypotheek","text":"Jouw hypotheek"},{"url":"/particulier/hypotheek/hypotheekvormen","text":"Hypotheekvormen"},{"url":"/particulier/hypotheek/duurzaam-wonen","text":"Duurzaam wonen"},{"url":"/particulier/hypotheek/hypotheekadvies","text":"Hypotheekadvies"},{"url":"/particulier/hypotheek/advieskosten","text":"Kosten"},{"url":"/particulier/hypotheek/situatie","text":"Situatie"},{"url":"/particulier/hypotheek/woondiensten","text":"Woondiensten"},{"url":"/particulier/hypotheek/contact","text":"Contact"}]}]}}}