What happens to my mortgage when I sell my home?

When you sell, your existing mortgage is repaid from the sale proceeds at the notary, and any surplus (overwaarde) is paid out to you. If you are buying a new home, you may be able to take your interest rate with you through the portability option (meeneemregeling). If the sale does not cover the loan, the shortfall is a residual debt (restschuld).

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