A comprehensive guide to mortgage loans for first-time homebuyers in Belgium

Owning a home is often regarded as a lifetime investment, and rightly so. It marks a significant milestone, and it’s essential to approach this endeavor with thorough preparation to avoid any pitfalls.

Christian Dubovan

Modern Tools for Mortgage Preparation

First-time homebuyers today are equipped with more tools than ever to prepare for their mortgage loan application. Banks like CBC offer dedicated websites and apps that allow potential homeowners to simulate borrowing based on their household budget.

Before diving into the mortgage process, it’s crucial to ask yourself several questions to determine how much you can borrow. Apps like CBC Touch and CBC Mobile assist in preparing your credit application, offering a range of simulations. Within a few clicks, you’ll gain insights into the amount you can allocate to your future home, its potential cost, monthly charges, and various associated expenses.

What Your Banker Needs to Know

After conducting these preliminary simulations and realizing the feasibility of your project, the next step is to schedule a meeting with your banker. This conversation requires preparation. To provide a credit proposal, the bank will need various details, including personal data, documents related to your real estate project, and income sources. It’s advisable to review a checklist before your first appointment. With CBC, these procedures can also be conducted remotely. You can submit your request online and receive a feasibility opinion on your project within 15 minutes—a significant time-saver for both parties!

What Comes Next?

Once your mortgage loan application is submitted—whether through your bank’s app, website, or directly with your banker—your application will be reviewed and analyzed. This process might span several days, culminating in an acceptance or rejection.

However, from your initial interaction with a bank, you can ascertain the interest rate offered. This crucial information allows you to compare offers from various institutions and select the one best suited to your circumstances.

The Importance of Insurance

A mortgage loan typically comes with a remaining balance insurance, which can be likened to life insurance. If you were to pass away before your mortgage term concludes, this insurance would cover the remaining balance, preventing your heirs from bearing the loan repayment burden.

But that’s not all! It’s only logical to ensure the property you’re about to acquire. Taking out a series of insurances is vital to safeguard against unforeseen events and avoid financial pitfalls. Apart from the remaining balance insurance, it’s highly recommended to have two separate policies. The first is home insurance, often referred to as fire insurance, which protects your property and/or belongings against various types of damages.

Beyond fire-related damages, a comprehensive base coverage also shields you from damages caused by explosions, lightning, storms, and adverse weather conditions. Additional coverages can be appended to the base policy, such as garden or pool insurance.

Several tools are available to simulate and evaluate the cost of your various insurance policies, ensuring you’re well-prepared and adequately covered.


Embarking on the journey of homeownership, especially as a first-time buyer in Belgium, can be both exciting and daunting. However, with the right tools, preparation, and understanding of the mortgage landscape, the process becomes more manageable and less intimidating. By leveraging modern tools, seeking expert advice, and ensuring adequate insurance coverage, you can navigate the Belgian real estate market with confidence and secure the home of your dreams.