The loan term can range from 10 to 30 years depending on the age of the borrower(s) and the amount of the loan.

Over this period, two cycles must be distinguished:

• “amortization of the capital,” i.e., the repayment of the capital to the lender. In other words, the repayment of the amount that was lent to you.
• “interest” that must be paid by the borrower.

You always have an interest in repaying the capital as quickly as possible and thus favoring a mortgage loan with a fixed rate for the shortest possible duration.

Why? Because the more capital you repay, the less interest you will have paid by the end of the mortgage loan contract.

The minimum duration is set at 8 years and the maximum duration at 30 years and depends on the age of the applicant.

All banks require a contribution of funds from the borrower.

Yes, you can always decide to change notary during the sales procedure but the notary who will take over will only intervene after you have paid the fees of your previous notary in full. In this case, there will be a sharing of fees and costs.

First of all, let’s clarify that the mortgage is the guarantee that allows a bank to protect itself in the event that the borrower is no longer able to repay their loan. Indeed, the borrower could not sell the property without obtaining the bank’s agreement and the release of the mortgage. And the release of the mortgage?

The bank has the right to call in the loan in case of non-payment, to sell the property during a judicial procedure, and to recover the balance of its claim from the proceeds of the sale of the property.
Simulate your mortgage
However, in the event of early repayment of your mortgage loan, the notary is required to request the release of the mortgage. The release is a legal act where the bank certifies that the borrower has fully repaid their loan.

This release is done by a notarized act which therefore incurs notary fees. In practice: the release of a mortgage is only necessary if you decide to sell the property. Otherwise, you can simply wait for the 30-year period to expire. In this case, the mortgage will automatically disappear but this time without any fees.

Financing your real estate project through a mortgage loan in Belgium (including Arlon, Mons, and Namur) requires knowledge of the procedures and responsibilities involved.

Indeed, a mortgage loan can only be obtained through the financing of your real estate project by a bank. Additionally, you need to subscribe to insurance for this mortgage loan. This can be obtained from an insurance company or a subsidiary of your mortgage-issuing bank specializing in real estate project insurance.

If your mortgage loan is obtained in Belgium, the interest rates and financial products offered will not be the same.

To guarantee you the best possible financing according to your personal situation, whether it is a mortgage loan in Belgium, our team, composed of specialized mortgage brokers, negotiates for you with the relevant banks and financial institutions. In search of innovative products, our mortgage credit brokers will offer you a suitable formula for your financing capabilities and will enable you to realize your real estate project in Belgium under the best market conditions.

Do not hesitate to contact our team of mortgage specialists who will answer all your questions related to your real estate projects in Belgium (Arlon, Namur, Mons, Brussels…).

Any person residing in Belgium or Luxembourg, whatever their professional situation (employee, employee, liberal profession, self-employed, etc.) can request a loan/mortgage credit from Crédit Populaire Européen.