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Old 08.01.2017, 08:42
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Mortgage with Insurance company?

I'm wondering if anyone has experiences to get mortgage from an insurance company.
My husband put our data into comparis, and got a contact from a broker. The broker offered us a good rate with an insurance company. 10 years fixed-term rate is 0.2% better than what we got from our bank.
My husband told to our bank on this, but the bank answered that they already gave us the best rate they could give us.

We never thought about getting our mortgage from an insurance company and I'm wondering if it is common, or if there are some drawbacks that we should be aware of.
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Old 08.01.2017, 10:25
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Re: Mortgage with Insurance company?

It's a valid alternative that most never consider. But, deal directly with the Insurance. No need for a broker.
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Old 08.01.2017, 11:10
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Re: Mortgage with Insurance company?

According to this NZZ article, insurance companies have become very competitive for mortgages because they are not subject to negative-interest on deposits like banks. Insurance companies favor longer-term mortgages, like 10-years:

http://www.nzz.ch/finanzen/wer-sind-...ter-1.18498095
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Old 08.01.2017, 18:32
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Re: Mortgage with Insurance company?

Read, understand and compare the fine print how fixed your "fixed" mortgage really will be. Most mortgage provider now have clauses in the mortgage conditions in case the market has much higher interest than now.
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