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Old 11.11.2020, 14:57
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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?
You’re over-thinking this again.

I have had the same mortgage here for nearly 20 years over 2 successive properties. There is no re-negotiation or recalculation. They simply tell what interest rate they can offer for the next 1/5/10 years. You can accept the rate or pay it back and find another mortgager...
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