Second-Home Mortgage Loan
Introducing the Platinum Second Mortgage Loan, a premium financial tool designed exclusively for our esteemed clients.Unlock the hidden potential in your home and leverage it to elevate your financial portfolio. Invest, reach your financial goals, and create passive income.
With competitive rates, flexible terms, and the trusted guidance of our dedicated experts, our Platinum Second Mortgage Loan empowers you to achieve your most ambitious goals.
Benefits
- Personal advice
- Advantageous interest rates
-
Choose your type of mortgage
-
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.Term
The term to repay this loan is 20 years.
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.
- Must be above the official legal age of 18
- Must have a stable income
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