There are some interesting discussions here on buying real estate for yourself. Here and there people mention a rate or details, but I couldn’t find a specific thread.
Me and my husband are looking for a mortgage to buy a new apartment in Zurich and wonder if anybody is able to share some insights.
Online I find the comparison sites which brag with the lowest rates (e.g. 0.6% for a 10-year fixed) but require you to pay a fee and they mention they receive a commission. And the big lenders publish rates like 1.2% but it seems they offer plenty of discounts and special rates.
In my case, we want to borrow above a million. We can provide the 20% equity and also pledge pillar 2 for another 15%. We could do even more equity but prefer to start with 20% and keep the rest invested. In the affordability test, we just pass the bar with our two salaries if we use 5% interest, 1% side cost.
And how do banks and other lenders account for income like bonus payments or dividends from ETF portfolio? Is income more important than the equity you have? Or you need to sign up for life insurance or buy managed funds and so on to get the good rates?
Does anyone have recent information on what rates to expect or what we can negotiate for?