[ABN AMRO] Repay or Save?


Homeowners are increasingly making extra repayments on their mortgage. This also applies to expats.

This trend has developed in recent years and ABN AMRO anticipates that a growing number of homeowners will make extra repayments on their mortgage in the coming years.

There is a growing awareness of mortgage debt which leads homeowners to increasingly choose to make extra repayments on their mortgage. What is the smart thing to do?

Almost one in five ABN AMRO customers has made extra repayments on their mortgage in the past year with an average amount of approximately €9.000.

The trend to make extra repayments has significantly increased in recent years which is demonstrated, among other things, by the fact that the number of extra repayments in the first quarter of 2013 was approximately 40% higher than in the first quarter of 2012.

Being left with a residual debt when selling the home, or a higher mortgage than the value of the home, are often reasons why homeowners make extra repayments on their mortgage.

Repaying your mortgage with your savings

Homeowners often use their savings to make extra repayments on their mortgage. There are advantages and disadvantages of making extra repayments with your savings.

One of the advantages is that, if you sell your home, the likelihood of a residual debt will be lower and the likelihood of equity from your home will actually increase.

A disadvantage is that savings used to make extra repayments, can no longer be used for other purposes. Using your savings to make repayments will lead to less flexibility than when this amount is on your savings account.

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What can ABN AMRO do for expats?

As the leading Dutch bank for expats, you can contact ABN AMRO for tailor-made advice concerning the repayment of your mortgage.

Our experts have detailed knowledge of all financial and insurance rules and regulations international clients encounter.

So, if you have some financial needs or you need some tailor-made advice based on your personal situation: ask our experts!

ABN AMRO International Clients Desks

In the Netherlands, we have four International Client Desks, especially for expats and non residents.

You will find us in Amsterdam, Rotterdam, The Hague or Eindhoven. You can also contact us by phone or email, of course!

Our International Client Desks welcome you!

International Client Desk Amsterdam

 A: Evert van de Beekstraat 2, 1118 CL Schiphol
 T: +31 (0)20 343 40 02 (for expats)
      +31 (0)20 628 13 88 (for non-residents)

International Client Desk Rotterdam

 A: Coolsingel 93, 3012 AE Rotterdam
 T: +31 (0)10 402 58 88

International Client Desk The Hague

 A: Kneuterdijk 8, 2514 EN The Hague
 T: +31 (0)70 375 20 50

International Client Desk Eindhoven

 A: - Vestdijk 18, 5611 CC Eindhoven
       - Professor Holstlaan 4, 5656 AA Eindhoven
         (The Strip at the High Tech Campus)
 T: +31 (0)40 237 90 00

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Koosje Ploegmakers


Koosje Ploegmakers

Koosje Ploegmakers is born at the 27th of May 1971 in Bordj Bou Arreridj in Algeria. She lived in Mali till she was 2 years old after which she moved...

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