Cofinances works with local banks, French or Swiss to give you the best current rates.

Its advice is independent and free.

Rates change quickly Cofinances works with most local banks to always find you the best current rates. Cofinances explains to you the different market rates, fixed, Cape, or adjustable, and different ways to amortize your funding. Different propositions will be offered so you can choose the one that suits you. Cofinances directs you to the best banking offer, depending on your choice. The Bank that finance your mortgage will renumerate Cofinances.

The advice is totally INDEPENDENT and FREE.

Feel free to ask us for a comparative offer.

Different types of rates:

In Swiss francs.

Swiss franc loans are suitable for people with Swiss franc incomes.(Swiss residents or Frontier workers).

The revised rates

As its name suggests, this rate is fluctuating, according to the index (Libor 3 months in general). There is no limit, either upward or a downward.

Variable Libor interbank rate. For example, it was 0.24% in 2004 to 3.07% in late 2008 and 0.37% in mid 2009. To this rate we should add the bank margin, between 0.30 and 0.80 according to the bank offers.

Rates Capé

They are also variable rates, but with an upward limit. The limit is determined by the amount of the cap. For example, for a capped rate 1, if your starting rate is 2.60%, you are assured of a maximum of 3.60% for the duration of your loan.

The fixed rate

They are free rate variations, fixed for all or part of the life of your loan, depending on the choice of the bank. In fact, if your loan is offered by a Swiss bank, the duration of your loan is up to 30 years, but your rate will be fixed for a period ranging from 2 to 15 years. It is then necessary to redefine the selection of the current loan rates. By commparison, with a French bank, it could be fixed for the duration, or more than 25 years.

In Euros

The duration of the loan in Euros can go beyond 30 years by the banks.

You will find the same type of rates as in Swiss francs, but interest rates are higher in Euros.

Different types of amortizion

Amortizing loans

The installment loan, or direct amortization, the loan is most commonly granted by banks in real estate financing. Typically the monthly payments are constant, but may be regressive or progressive, as defined by the signing of the contract.

The repayments are spread over time. The monthly payments consist of a share of interest calculated on the basis of the amount outstanding and a share of the capital. As to the progress of the loan, the different parts of the loan vary: Interest is important early in the life of the loan and tapers off with the progression of years.

Capital is a minority at the beginning of the loan and increases with the age of the loan.

Loan “In Fine.”

The loan “In Fine” or amortisment indirect, is used for rental investors, or for the principal

residence to take advantage of a tax benefit. (Swiss Frontier workers or via a third pillar pension fund) Unlike an installment loan, monthly payments are not made with a share capital and an interest component. Only the monthly interest is paid throughout the credit. The principal owed will be repaid in full on the maturity of the credit.

Repayment of capital all at once at maturity of the credit can be realized through the sale of the property financed by the loan, or through monthly savings or a financial investment product designed for this purpose (Life Insurance for Euro loans: the third pillar for loans in Swiss francs). The bank often requires special safeguards which will ensure the repayment of capital at the end of the loan. The insurance contract designed to pay off the loan will be secured in favor of the bank.

Bridging Loan

Frequently, property transactions are preceded by the sale of a property that can finance all or part of a new object. Unfortunately it is not so easy to match the sale of your old home (sale periods are too long, unsatisfactory prices, …) with the purchase of a new object (obligation to complete the acquisition quickly because of other interested buyers ). To avoid such inconvenience, financial institutions have put in place arrangements to make an “advance” on the sale of the property for financing your new home.

The bridge loan allows you to have quick access to a percentage, between 50 and 80% of the net value of the property you want to sell. The lender may lend you the money in the form of a bridging loan for a maximum of 24 months. Throughout the duration of the loan, you only pay interest, without any share of borrowed capital, it will be settled on the sale of your existing property. This credit will, if necessary, supplemented by a bank loan depreciable or in fine.