{"id":6082,"date":"2023-11-11T16:13:40","date_gmt":"2023-11-11T15:13:40","guid":{"rendered":"https:\/\/ajooda.ch\/en\/?p=6082"},"modified":"2023-11-11T16:13:58","modified_gmt":"2023-11-11T15:13:58","slug":"indirect-amortization-real-estate-with-pillar-3a-switzerland","status":"publish","type":"post","link":"https:\/\/ajooda.ch\/en\/indirect-amortization-real-estate-with-pillar-3a-switzerland\/","title":{"rendered":"Indirect amortization of real estate through pillar 3a"},"content":{"rendered":"\n
If you do not want to amortize your property directly by gradually repaying the mortgage at your bank, you can use indirect amortization through pillar 3a to deposit your 3a as a “collateral” and the property will be amortized in one lump sum at the end.<\/p>\n\n\n\n
In other words, amortization is a contractually agreed repayment of the mortgage. The financing of a home is usually structured as follows:<\/p>\n\n\n\n
There is no amortization obligation for the first mortgage and the second mortgage must be amortized within a maximum of 15 years or by retirement age at the latest. (Here are the exact guidelines)<\/p>\n\n\n\n
With direct amortization, the payments reduce the mortgage debt and thus the interest on the mortgage debt decreases. However, this also reduces the amount that can be deducted from taxable income.<\/p>\n\n\n\n