What You Need to Know about Buying Your Own Home – Simply Explained in Four Short Videos
If you want to buy a condominium or a house, you will need to understand mortgages. Short videos provide explanations about what financing your own home means for you. For example, you will learn about the equity you will need, the maximum price of a home you can afford, what interest level is manageable, and how to find the right mortgage model for you.
Buying real estate has a major impact on your personal life and financial situation. So you should give careful thought to this step and the taking out of a mortgage and be optimally prepared. The following short videos provide you with the key information about financing your own home in a succinct manner.
Tailor the Mortgage Model and Term to Your Risk Profile
By finding the optimal structure for your mortgage – i.e. carefully selecting the mortgage model and term – you can save money over the long term. This video, which is just under two minutes long, provides an overview of fixed, variable, and LIBOR mortgages as well as short and multi-year terms.
Determining How Much Equity Is Required and the Affordability of the Mortgage
How much of the purchase price do you have to contribute as equity in order to be able to take out a mortgage? And what are the potential sources of this equity? What costs are set against your long-term income in order to calculate the affordability of your financing solution? These questions will be answered in the following video.
Direct or Indirect Repayment of the Mortgage: The Advantages and Disadvantages
The following video shows what portion of your mortgage must be repaid by when in order to ensure your financial security. You will also learn the difference between direct and indirect repayment, and the advantages and disadvantages of each of these options.
Home Ownership Financing Done Right: What You Need to Know about Mortgages
A financing solution that is affordable over the long term is essential when purchasing your home when increasing a mortgage. This video provides a summary of all key questions that have to be taken into account when financing your own home. It also explains what a mortgage is and what factors you need to keep in mind. Mortgage advice from Credit Suisse helps you find the most appropriate solution for you.