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A mortgage is a loan to finance your own home: With a mortgage from AXA, you receive tailor-made conditions that meet your individual needs.
If you want to take out a mortgage, you must understand its structure, ensure affordability, and choose a type of mortgage. We’ll show you what’s important.
Amortization is the repayment of your mortgage in installments. These can be made either directly or indirectly – depending on what better suits you and your financial situation.
Direct repayment is the annual repayment or amortization of your mortgage. However, as your mortgage debt decreases, your tax liability increases again.
Indirect repayment is made through your retirement provision. You don’t repay your mortgage, but rather invest regularly in a retirement provision policy – for example, in a pillar 3 solution with AXA. When the mortgage comes to an end, the mortgage debts are repaid with this capital. How you benefit: With this type of repayment, you benefit from tax advantages over the entire term.
A basic distinction is made between the first and second mortgage:
The first mortgage corresponds to 66.67% of the purchase price of your home. The second mortgage protects the rest of the external capital. This is normally 13.33%. The second mortgage must be repaid in full within 15 years or at the latest by the time you reach the age of 65 (60 with AXA).
You finance 20% of the purchase price of your property from your own funds and the remaining 80% from borrowed capital.
Note the following basic rules:
AXA grants mortgages for owner-occupied residential property (main residences). The minimum mortgage amount is CHF 400,000.
AXA supports your efforts to create a more sustainable future: Whether you are replacing your heating system with renewable energy, installing more efficient thermal insulation or a photovoltaic system, or making other CO₂-reducing investments – we support your commitment with attractive discounts.
Already own a home with an energy-optimized building envelope and renewable energies for heat generation and want to transfer your financing to us? We will be pleased to offer you the same sustainability discount.
You benefit from the following advantages when you take out a mortgage from AXA:
You need at least 20% equity. This includes savings, pension assets from pillar 3, and inheritance advances. Pension fund assets and repayable loans do not count.
The higher your equity ratio, the lower your mortgage and therefore your interest burden.
You can repay your mortgage in two ways:
The main difference between direct and indirect amortization of a mortgage lies in the way in which the debt is repaid. With direct amortization, the mortgage is reduced directly at regular intervals, which reduces the debt and the interest burden. With indirect amortization, on the other hand, the repayments are paid into a tied pillar 3a account (a tax-privileged pension account). The mortgage remains unchanged, but the funds saved can be used for repayment at the end. This leads to tax advantages, as the mortgage and interest remain constant.
If you wish to sell the property before the agreed term, you will incur additional costs. How high the costs for terminating a current mortgage are depends on the agreed interest rate, the remaining term of the mortgage, and the current interest rate level.
