How much can I borrow?

Anyone who wants to take out a loan will initially have to ask themselves how much money they can borrow . How much you can borrow depends on various factors. Most people think that only income plays an important role in this, but that is absolutely not the case. How much you can borrow is of course partly dependent on your income, but other financial guarantees such as savings or investments can also be considered. For example, did you know that it is perfectly possible to take out a loan by means of a part of your securities portfolio?

If you can only borrow on the basis of your income, and in other words do not have savings or investments, your income is of course important. Especially when it concerns a mortgage loan, you should take into account that the bank will at all times require that a certain minimum amount of your income remains. With that minimum amount you must be able to meet the costs of daily living as well as the payment of any current loans. If you have a savings plan for which a certain amount must be paid monthly, you should also take this into account.

If you do have savings, it can significantly affect the amount you can borrow. It is possible to freeze (a part of) your savings so that you can give them as a guarantee for the payment of your loan. As you can see, how much you can borrow depends very much on your financial wealth, and not just your income as most people think.

 

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