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Old 11.11.2020, 10:07
HickvonFrick HickvonFrick is offline
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Re: Should I buy a home or invest? I just reached 200k in savings and they are sittin

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So 400,000 property
I pay 130,000 upfront and take out 10-year mortgage for the remaining 270,000.


Fixed-rate mortgage by provider 1
10 years from 0.84%
Interest costs
CHF 182/month
-
Fast-forward 10 years and it's time to re-negotiate my mortgage for another 10 years.

Bank now thinks the property is worth 700,000 and not 400,000. Does that mean the new mortgage will be based on the 700,000 price or the original 400,000 price?
Yes - for determining the deposit size and it's impact on the rate. As regards whether they allow you to borrow more that depends on your salary.
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