News and Guide

News from DL MoneyPark and information on the financial market and Swiss romande real estate

Published by : dl

LIBOR

This form of mortgage credit is directly linked to the European monetary market. Based on the LIBOR (London interbank offered rate), the rate is adopted every 3, 6 or 12 months. The bank adds a margin to this rate that is calculated for each individual client. Some financial institutions offer insurance against the rise in rates by means of derivatives.

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Fixed annuities

Fixed annuities are a type of variable rate mortage loan that you can contract for an undetermined amount of time. The objective is the maintain constant charges (interest and amortisation), even if the interest rate changes. If the interest rate goes up, the amortisation will go down and vice versa.

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Interest rate cap

A mortgage calculated with a capped interest rate protects you from excessive rate increases. With a fixed ceiling set at the beginning and effective throughout the loan term, you benefit from rate decreases without worrying about increases.

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Environmental bonus

With an environmental mortgage, the bank seeks to support renovation projects that save energy through sustainable means. The ecological mortgage is paid following the presentation of energy bills.

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Initial or start-up bonus

The mortgage with an initial or start-up bonus only applies to people who are becoming owners of their own residence for the first time. This bonus is not applicable to loan repayment or to rental or commercial buildings, nor to secondary residences.

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Personal equity

Your personal equity can come from various sources: your savings and investments, your pension fund, your 3A or 3B life insurance, a donation, a third party loan, an increase in the debt of a close family member, a building lot or personal construction.

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Terminate a fixed-rate loan

In the case of terminating a fixed-rate mortgage before the loan expires, the financial institutions will require a penalty or an exit indemnity.

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Savings and investments

The first sources of personal equity are generally your savings and investments.

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2nd pillar (occupational retirement planning) and 3rd pillar (private linked pension plan 3a)

If you look on the annual 2nd pillar statement, under the section "vested benefits" or "available assets," you will find the amount available for the purchase of property.

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Donations

A close friend or family member can help you with a donation or an advance on inheritance. DL MoneyPark can look into matters of inheritance, distribution during lifetime, and tax implications for you.

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