Dear Swiss FI community, we’re still living abroad and have slowly accumulated sufficient wealth to call it a day.
Now, the essence of my question is that in Switzerland it’s common to have a mortgage on your home for tax deductibles and other reasons (cheap financing cost, tax benefits, gearing on your overall assets).
In case I’d retire and no longer rely on a job, which institute would still give us a mortgage (under what conditions, possible without a stable payslip, how much assets to be banked with that institute, other conditions they might consider)? This question is quite crucial as it will determine how much investable assets we can keep on the side working for us while making the move.
Home bought with mortgage in Switzerland, home value 100%, outstanding mortgage 60% of the value
Bankable assets: up to 170% [independently of the above mortgage] could be concentrated at one institute (currently the amount is home equity in two other properties abroad and two investment accounts with banks)
Total net worth 210%
If not possible to keep a mortgage, the alternative would be to pay-off the mortgage and reduce our investable asset pot or take a loan against the bankable assets (which is increasing risk again). But we would like to keep a healthy gearing in the total situation using the home as pledge-able asset.
Happy for any input, preferably in case someone has done it themselves already.
A fellow Mustachian