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Insurance for Housing and Good Tips on Insurance – Payday Loan Consolidation

There is no doubt a lot of money to save on a well thought out and sensible housing economy.
Before deciding on an insurance policy, you should read the insurance terms carefully. The terms can vary quite a bit from one company to another, and you should make sure that the insurance you take out meets our needs. In general, it is difficult to compare the offers from various for the insurance company. However, there are so many differences in the premiums that you should examine the market carefully before deciding completely.

Two main types of insurance are common in connection with a home.

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The building insurance covers damage to the building itself as a result of fire, water leaks, natural disasters and the like. It is possible to extend this insurance to cover damage such as rot, fungus, pests, etc. Building insurance is always the homeowner’s responsibility.
Home insurance covers damage to movable property such as furniture, clothing, ornaments, electrical items, carpets, curtains and more. The cause of damage can be fire, theft, water leakage, vandalism, etc. A homeowner must pay the home insurance himself unless he rents a furnished apartment.

It is possible to obtain discounts on insurance.

You can get lower premiums by increasing your deductible. You can get a security discount by installing security locks, fire and burglar alarms o.1. By combining all our insurance policies into one company, you can also obtain various forms of discounts.

Over the past few years, home values ​​have risen a good deal.

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Also, other factors than those shown in the calculations above should be taken into consideration when choosing between renting and renting. If you are expecting a price increase for housing, it may be an advantage to own the property yourself. If, on the other hand, you expect a fall in value, renting may be the best choice. Although history has shown that home values ​​can change a good deal in both directions, the long-term value is probably quite stable. Otherwise, this is a reason why you do not expect loss of value or depreciation in the cost calculation for a homeowner.

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Study debt at the expense of a house for sale

Because mortgage lenders often still look at the original amount of the study debt, instead of the outstanding amount that has been repaid, study debts still have a major impact on the amount of mortgages. This makes it difficult for starters in the market. This appears from a recently published study by the Intercity Student Consultation (ISO).

The ISO conducted an inventory round among a number of major mortgage lenders. They have taken the calculation tools on the website of the mortgage provider itself as their starting point. “Although the rules have been relaxed since the introduction of the social loan system, there is not enough of this to be seen with these mortgage lenders. Borrowing in the “social” loan system deprives starters of the chance of a home, “said ISO chairman Tom van den Brink.

Substantial differences

Substantial differences

The ISO believes that this is contrary to a motion passed in the Lower House in 2015. With this motion, the minister was called upon to base the calculation of the amount of the mortgage on the current debt. This should be agreed with the Dutch Banking Association (NVB) and the Netherlands Authority for the Financial Markets (AFM).

“With a gross income of 40,000 euros and an average study debt of 21,000 euros, the maximum mortgage that can be taken out is reduced by 42,274 euros (old system) or 25,418 (new system). In many cases, this substantial difference means that starter cannot buy a home, which also causes a congestion in student accommodation. In addition, a study debt may still play a role for decades in taking out a mortgage despite the extra repayment of the debt. A deal is a deal: the norm should be for mortgage lenders to look at the current debt, not the original debt, ”says van den Brink.

No BKR registration

No BKR registration

A study debt at DUO does not concern registration with the Credit Registration Office (BKR). According to the government, this is not necessary because a study debt is of a different nature than a consumer credit. This creates opportunities for concealing the student loan. A study by the BKR has already shown that this occurs, but by no means always consciously. Under the old scheme, approximately 39% of graduates did not give up their study debt when applying for a mortgage.

Own Home Association is of the opinion that the registration of study debts should be registered with the BKR. In this way they want to prevent starters from entering into an excessive financial obligation.