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Step 1: How Can I Benefit by Replacing My Existing Mortgage?
You've been living in your own home for some years and pay regular mortgage interest. Have you ever thought about whether the financing model you originally selected is still the most suitable? We'll show you whether it would be worth your while switching.
Is It Worth Switching Mortgages?
Perhaps your personal and financial situation has changed over the past few years or you simply want to optimize the financing of your home. If your fixed-rate mortgage is due to expire in the next two years or you are no longer satisfied with the conditions of your lending institution, it could be worthwhile talking to us. You should therefore contact us at an early stage for a replacement offer for your current mortgage loan. You certainly stand to benefit from a no-obligation review by our team of advisors. Why not gain an initial overview right away of the mortgage products PDF (140KB) offered by Credit Suisse.
Replace Your Mortgage - up to 24 Months in Advance!
Some mortgage loans have notice periods while others have a fixed maturity. You can find this information in your loan agreement. You can often terminate fixed-rate mortgages prematurely only by paying an early repayment penalty. However, your Credit Suisse advisor can even offer you the ideal product from our range of mortgages to deal with situations such as this. Talk to us and lock in your interest rate up to 24 months in advance.
Replacing Individual Tranches
Many homeowners today have split their mortgages into different tranches. With Credit Suisse, you can also replace an individual tranche of an existing mortgage held with another lender as long as the entire mortgage debt is transferred over time.
The Individual Replacement Steps
As soon as you receive our binding lending commitment, you can cancel the existing mortgage with your financial institution. We will be pleased to support you if necessary. After the loan agreement with Credit Suisse has been signed, we will send a promise of payment to your financial institution at the date agreed with you. In return, your financial institution will confirm the delivery of your mortgage notes. This promise of payment is valid for a maximum of 12 months. We will pay out the new mortgage loan in favor of your existing one at the appropriate time.
Documents
For an initial no-obligation consultation on ways to optimize your home ownership costs, you simply need to inform us verbally of the key data concerning your property, and your personal and financial situation. However, if you wish to prepare optimally for our discussion, you will find a list of all documents that we require for a firm mortgage offer in the mortgage application checklist PDF (69KB) and in our Mortgage Loan Application PDF (241KB).
Perhaps, however, you are not thinking about replacing a mortgage but of renewing your Credit Suisse mortgage. We'll show you what you need to bear in mind here.
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