Borrow money for a residual debt

Borrow money for a residual debt

A smart loan for a residual debt

Borrow money for residual debt

Quite a few people with their own home have a mortgage that is higher than the value of their home. If they were to sell their home, an amount of 'debt' would remain. That is a residual debt. Sometimes you can co-finance this in the new mortgage when buying a next house. If that does not work, a loan can offer an excellent solution.

Borrow money for your residual debt

Despite the rising house prices, this playing field remains quite irregular, so selling your house quickly is often difficult. And if you do sell your home, it may happen that the mortgage on your house is higher than the sale value: your house is then 'under water'. This means that when you sell, an amount remains that you have to pay extra. This is called the residual debt.

Most homeowners want to co-finance this residual debt in their new mortgage when moving. However, this is often not allowed under current mortgage rules. This is partly because when taking out the new mortgage, it is checked whether your income and the value of the new owner-occupied home allow this, but also because it increases the monthly costs of the new mortgage: you can, for example, during the term of the mortgage ( up to 30 years) pay interest on this debt. Not an ideal situation. Our experts know all about this and can advise you about taking out a loan, in order to get rid of your debt as safely and quickly as possible.

Why finance residual debt through M-Credit?

  • Loans from 3.5% interest, the lowest in the Boston
  • No costs for advice, appraisal or notary as with a mortgage
  • Customers give us an average rating of 9.2!
  • Free quote via website, delivered within 24 hours
  • The amount for your loan will be in your account within 2 working days

What kind of loan matches residual debt?

If you do not have enough savings to pay off your residual debt, or if you prefer not to use your savings for this, you can finance the residual debt of your home with a consumer credit. Consider, for example, a Revolving Credit or Personal Loan . Because where the mortgage lenders do not or hardly want to do anything extra to finance your residual debt, we deal with this differently! Our experts are happy to make your move as smooth as possible.

We usually recommend a personal loan to pay off your residual debt. The advantage of this type of loan is that your monthly amount, the term of the loan and the interest are fixed! So when taking out the loan, you know exactly how much the borrowing costs you, what you have to pay per month and how long these payments will run. This way you always know what to do and you will not be faced with unpleasant surprises.

Why is a Personal Loan so popular for paying off residual debt?

  1. Your interest is always fixed, so it can never just rise
  2. You will receive the entire amount you need for your residual debt in one go
  3. You can pay off more without penalty to pay off your loan faster
  4. Your monthly payments remain the same, which is pleasant and clear
  5. No savings or an increase in your mortgage required

Extra tips when borrowing money for your residual debt

When financing your residual debt, first talk to your bank - sometimes this is even mandatory. You may not be able to sell your house if you do not have enough money to pay the residual debt and thus fully pay off your mortgage. Your bank must first give you permission for this.

Do you want to finance your residual debt with a loan? Then look beyond your own bank and let independent experts advise you, such as M-Credit. We can look within our entire network of providers for the cheapest loan with the most favorable conditions for your personal situation. Then you are assured of a safe loan that can save you a lot of money.

Free advice and quotation

Financing residual debt can (often) be solved easily, depending on your income and expenses. When you finance your residual debt with a revolving credit or personal loan, it is of course important that you can bear the costs of this financing monthly in addition to your new housing burden. In addition, it is advisable to pay off the residual debt as quickly. Request a quote without obligation for financing your residual debt! We investigate what is the best option for you. Call 813-339-6809 , request a free quote or fill in our contact form. Our experts are happy to help you!

Already 1036 satisfied customers

Customers give us an average of 9.2 on


I was helped in a professional and proactive manner and got a quick response and clarity. Super service. Unfortunately you don't see that much anymore.

"Expert and accurate"

Very pleasant contact with advisor. Rapid responses to questions from the bank towards the borrower. I can only recommend

Deskundig en accuraat
“Super fast service!”

The loan was closed very quickly by a fantastic employee of M-Credit. Thanks!!

Super snelle service!

Hereby big thanks to Jeroen. Friendly man, listening ear, and also in for a nice chat. We are very satisfied.


Compare interest

Compare our always low interest rates with various providers!

Lender Interest Monthly charges Cost To request
defam 3.7 249 29,871
interbank 3.7 249 29,871
qander 3.9 251 30,150
nationale-nederlanden 4.0 252 30,290
abn-amro 4.2 255 30,572
bnp-paribas-personal-finance 4.6 260 31,141
ing-bank 5.1 266 31,860
  • The Annual Percentage Rate (APR) is equal to the interest on this product.
  • For a Personal Loan, a minimum term of 12 months and a maximum term of 180 months applies.
  • A minimum term of 1 month applies for a Revolving Credit, the maximum term depends on the interest, extra repayments and extra withdrawals.
  • The minimum interest is 3.5% and the legal maximum interest is 14%.
  • Last checked on January 19, 2021.

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