Platinum Mortgage Loan
With our Platinum Mortgage Loan, you're not just getting a mortgage; you're stepping into a world of exclusive advantages. From competitive interest rates and flexible terms to personalized guidance every step of the way, we're here to make your homeownership dreams a reality.
Benefits
- Personalized guidance
- Beneficial interest rates
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Choose the type of mortgage that suits you
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Required Documents
Annuity Mortgage
The annuity mortgage is the most common type of mortgage loan as it offers a fixed monthly payment amount for a fixed period of time. Monthly payments consist of a principal payment and interest payment. Interest is calculated on the outstanding balance. While your outstanding balance reduces, your interest payment will also reduce.Interest-Only Mortgage
This product allows you to make only the interest payments and the life insurance premiums during the term of the loan. The principal will be repaid in full upon the due date of the life insurance.
Upgrade your home by refinancing your mortgage
Construct your fence, expand your home, or build your pool. Refinance offers the possibility to top up your mortgage loan and extend your tenor if needed. Accomplish your dreams at a lower monthly cost. Refinancing also offers the option to consolidate loans in order to reduce your monthly payment.
Term
The maximum term to repay your mortgage loan is 30 years or up to the age of 65, whichever comes first.
Expenses related to establishing a mortgage
- Closing fee
- Notary costs
- Transfer taxes (4% of the purchase amount)
- Insurance premiums
- Online Access
- View up-to-the-minute statements of your mortgage loan with Orco Bank’s free 24/7 New Orco Bank Online and Orco Bank App.
Bring these documents to your appointment:
- Proof of source of income for the last two months (pay slips).
- Identification document (Passport, Local ID, or Driver’s License)
- Appraisal Report from a recognized appraiser (not older than 6 months since the date of creation) of the property that is being mortgaged.
- An employer’s letter or if self-employed a company registration of the Chamber of Commerce.
- Employers’ letters should state the following: Your job title, yearly or monthly salary, and date started the job.
- Your work permit (Non-Dutch Citizens)
- Proof of residency (Register Office extract or the latest Utility bill in your name)
- Copy of the purchase agreement (if buying a property)
- A cost breakdown must be provided in case of construction
- New customers must submit bank statements for the last three months