Getting credit for your assets: Swiss mortgages and Lombard loans are very popular among expatriates, foreign investors and native Swiss who wish to buy property or start a business. Let's take a closer look at these popular sources of cash.

Swiss News › Nbr. 2007, April 2007

Author: Donnellon, Brien

Position:: MONEY

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Getting credit for your assets: Swiss mortgages and Lombard loans are very popular among expatriates, foreign investors and native Swiss who wish to buy property or start a business. Let's take a closer look at these popular sources of cash.

A mortgage loan is provided for the purchase of property, and, by definition, the property is pledged as security. This means that as in any other country, the lender can repossess your house if you default!

In fact, the lender holds the title to your house until the debt is completely paid off, and the lender will sell your house in order to get the money back if you can't make your mortgag...

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