Thank you for watching! If you have any questions, please feel free to ask here. I'll do my best to respond to as many as possible. Also, don't forget to download your free resources: 💡 Free Guide: Master finance lingo with my "60 Essential Finance Terms Explained" guide!charlenecong.com/learn-with-charlene/ 💸 Budgeting Template: Down easy-to-use budgeting template that I personally use: charlenecong.com/learn-with-charlene/ Charlene x
You are missing some info there.... The goal with a mortgage is to pay up to 75% of the property, because if you pay for the whole property, you will be taxed for your own property, on the potential rental price, ... confusing, right?, find out and this will blow your mind....
Exactly, Whoa, that's some next-level mortgage strategy! It's crazy how paying off less can save on taxes. It's quite unique here in CH:) Thanks for sharing!
Hey Charlene , really nice video ! I was wondering if I could help you with more Quality Editing in your videos than your Editor and also make a highly engaging Thumbnail which will help your video to reach to a wider audience ?
Hi Charlene :) I’m new to your channel and really liked your video! Could you please elaborate on which mortgage type/rate you chose and/or which bank? What was important to you in terms of flexibility? Thanks!
Thanks for your question! Flexibility here it means more like if you want to change banks after some time, how feasible it is and so on. The rate/premium can depend on so many factors like your existing relationship with the bank or with the bankers. Personally we have worked with the two banks that I mentioned in the video. So it was a tough choice and for premium, just based on the experience of me and some friends, I see it can go down to 60bps + saron if you have a relatively bigger mortgage such as a few millions (2-5m) but ~100bps is more common I’d say. Hope it helps! Charlene x
Thanks for checking out the video! Wallis sounds like a unique market. I'd love to hear more about your experience-what’s been the biggest difference you’ve noticed?
@@CharleneCong Coming from Seattle, the biggest difference is that no one competes on price. There's an ask, then it's first in line. If that doesn't work out, next... But I'm only looking at old homes, mostly built mid 1500s in Oberwallis. Of course, the best very rarely go to market - so it's typically the properties no one local wants which are listed. If you're interested, check out Albinen - the Gemeinde is trying to recruit families. It's about 45min from Visp, where Lonza has been rapidly expanding their business.
Hi Charlene, first of all thanks for your very informative video. I'd like to know what is the interest rate situation in Switzerland? Are your rates high or low? How can one check this? Is the sentiment in Switzerland that the property prices are high in general?
Hey my friend! Thank you for your kind words and for watching the video. 😊 Interest rates in Switzerland have been relatively low for a long time, but there have been some recent changes. You can check the current interest rates on the Swiss National Bank's website or through major financial news sources. Regarding property prices, yes, the sentiment is that they are generally high, especially in major cities. How are property prices and interest rates in your area? 🏡📉
Agricultural land in the more remote areas of Switzerland can still be quite pricey compared to other countries, but it’s usually cheaper than land closer to the cities. Prices can vary a lot depending on the region and accessibility. Are you thinking about buying land there? What kind of farming or investment are you considering?
