{"id":10833,"date":"2016-07-07T07:38:53","date_gmt":"2016-07-07T07:38:53","guid":{"rendered":"https:\/\/multicredit.ch\/wp\/pret-immobilier-credit-ou-hypotheque\/"},"modified":"2022-03-30T07:50:13","modified_gmt":"2022-03-30T07:50:13","slug":"pret-immobilier-credit-ou-hypotheque","status":"publish","type":"post","link":"https:\/\/multicredit.ch\/en\/pret-immobilier-credit-ou-hypotheque\/","title":{"rendered":"Real estate financing: loan or mortgage?"},"content":{"rendered":"<h2><span class=\"ez-toc-section\" id=\"Mortgage_the_most_frequent_solution\"><\/span>Mortgage: the most frequent solution<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A mortgage is, and will always be less expensive than a personal loan. Indeed, the real estate is used as collateral and there is less risk for the bank. However, it is quite a long process to get a mortgage, and there are situations in which a loan can be an appropriate solution.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Loan_a_solution_for_specific_situations\"><\/span>Loan: a solution for specific situations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A personal loan to finance real estate will cost more than a mortgage and looks less advantageous. Firstly, the maximum loanable amount is 250,000 CHF. Secondly, the interest rate is quite much higher. However, for small amounts, a loan provides certain benefits:<\/p>\n<ul>\n<li><b>No equity capital needed<\/b>: you don&#8217;t have to look for the 20% equity capital to finance your real estate project.<\/li>\n<li><b>Simpler formalities<\/b>: getting a loan is quite simple and fast.<\/li>\n<li><b>Free use of the loan<\/b>: use the money according to your needs.<\/li>\n<li><b>Early repayment<\/b>: is is possible to repay your loan ahead of schedule and save on the interest.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Which_option_should_you_choose\"><\/span>Which option should you choose?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Generally, you should <a href=\"https:\/\/multicredit.ch\/fr\/english-mortgage-calculator-switzerland\/\" target=\"new\" rel=\"noopener noreferrer\">go for a mortgage<\/a>. A loan is an option to consider <b>for small amounts<\/b>, and only if you have the possibility to reimburse your debt quickly. Indeed, the total cost of a loan varies depending on the loan duration.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ask_for_advising\"><\/span>Ask for advising<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Are you looking for a small amount real estate financing solution? Would you like to know more about your options? With Multicredit, you can get some expert advising from a <a href=\"http:\/\/www.multicredit.ch\/en\/mortgage\/real-estate\/\">real estate agency<\/a>. Do not hesitate to call on an advisor if you need to figure out which solution to choose!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If a mortgage is the preferred solution to finance real estate, a loan can be a viable alternative in some rare cases. Which cases exactly, and how to choose between a mortgage or a loan? Explanation.<\/p>\n","protected":false},"author":4,"featured_media":10827,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[258,308],"tags":[259,329,461,267],"class_list":["post-10833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credit-en","category-real-estate-loan","tag-credit-en","tag-hypotheque-2-en","tag-immobilier-en","tag-pret-en"],"_links":{"self":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts\/10833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/comments?post=10833"}],"version-history":[{"count":2,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts\/10833\/revisions"}],"predecessor-version":[{"id":18528,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts\/10833\/revisions\/18528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/media\/10827"}],"wp:attachment":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/media?parent=10833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/categories?post=10833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/tags?post=10833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}