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Old 05.03.2017, 09:06
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Re: Loans in CH: Interest payments

Generally, the 10 year fixed rate is for interest only (ours is).

If you need a loan for more than 65% of the value (NOT the selling price, unless of course the selling price is below the value, as was our case), then you will need a second loan that must be paid off in 15 years.

In our case, ours was below market rate, so our loan is for 70% of the selling price, and we could have gotten at least 10% more for renovations had we wanted to with still an interest-only mortgage.

Tom
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