Extending the term of a mortgage. Clever and cheap refinancing with Compando.

Extending the term of a mortgage without comparing means pouring money down the drain. We compare a wide range of lenders to find the most attractive financing solution for the next chapter of your life. We also take the condition of your property and tax- and pension-related matters into account.

Best conditions due to wide-ranging comparison of lenders

Reviewing the mortgage strategy

Evaluating the condition of your property

Factoring in your pension situation and financially securing your property

Tax implications

Personal, independent advice

Extend mortgage

What needs to be taken into account when extending the term of a mortgage?

When extending the term of a mortgage, it is essential to plan out all aspects well ahead of time – up to 24 months in advance – and refer to a comprehensive comparison of lenders. By doing this, you will save CHF 3,000 per year on average as compared to your first offer. It is also a good time to rethink your mortgage strategy and plan in any renovations. Bear your pension situation in mind too, to make sure you have a financial safety net in your old age.

Clarify your financing requirements

Determine the total amount that you need, including any renovations. It is also worth taking a more in-depth look at your ongoing costs to make sure you know what your monthly costs for the financing might look like.

Review your mortgage strategy

When reviewing your mortgage strategy, you should consider your current and future financial goals, your future plans as well as the interest rates, the term, the flexibility you require, your retirement pension and your tax situation. This is the key to finding the right mortgage product for you – for example, a ten-year fixed-rate mortgage.

Find a mortgage lender

Lastly, compare your chosen mortgage product with the offers of a variety of different lenders such as banks, insurance companies and pension funds. When doing this, don't focus only on the interest rates. Instead, take into account other terms of the contract and time periods, as well as any flexibility, such as whether you are allowed to sell your property early.

Contact & Consultation. Find the right mortgage now.

Compando will help you find the right mortgage – independent and personal. We take into account not only attractive conditions, but also your pension and tax situation.

The current most attractive mortgage interest rates.

Saron mortgage from*

0.65%

Fixed-rate 10 years from

1.3%

Fixed-rate 5 years from

0.97%

* The value shown here for a SARON mortgage is made up of the current SARON (Swiss Average Rate Overnight) and the individual margin of the mortgage lender. Generally speaking, the interest rates shown are the best conditions currently available. Your personal interest rate may differ based on the loan-to-value ratio, affordability, mortgage volume and location of the property.

Request a mortgage consultation now.

Our door is open to you. We will provide you with personal and independent advice.

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Personal mortgage consultation

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Frequently Asked Questions about Mortgage Extension

Find answers to the most common questions about extending your mortgage.

You should start dealing with the extension at least 6-12 months before your current mortgage expires. This gives you enough time to:
  • Obtain various offers from multiple banks
  • Compare current market rates
  • Negotiate conditions without time pressure
  • Possibly switch providers
Many banks contact you automatically 3-6 months before expiry. But don't wait for that – those who start early have better negotiation opportunities and can benefit from favorable interest rates.
Yes, a bank switch during mortgage extension is possible and often worthwhile. You should consider:
Advantages:
  • Often better conditions with new providers
  • Fresh negotiation position
  • Opportunity to change mortgage model
Costs:
  • Land registry fees (approx. CHF 1,000 - 2,000)
  • New valuation costs (approx. CHF 500 - 1,000)
  • Possible processing fees
A switch is usually worthwhile from an interest rate advantage of 0.3-0.5% or more, depending on the mortgage amount.
If you don't extend your mortgage on time, it is usually automatically converted to a variable mortgage. This can mean:
  • Higher interest rates: Variable mortgages often have higher rates
  • Interest rate risk: The rate can be adjusted at any time
  • No planning security: Fluctuating monthly costs
The bank is obligated to inform you in time. If you miss the deadline, you can usually still conclude a fixed-rate mortgage within a transition period of 3-6 months – however, at the conditions then valid.
Yes, you can adjust the mortgage amount when extending:
Increase:
  • Possible if you need more money (e.g., for renovation)
  • Requires new affordability assessment
  • Property value must cover additional burden
Reduction:
  • You can amortize more than planned
  • Lowers your ongoing costs
  • Improves your negotiation position
Important: An increase counts as new credit issuance and is subject to full credit assessment. A reduction, however, is easily possible.
When extending your mortgage, you should consider several factors:
Interest Rate Environment:
  • Are rates currently low or high?
  • Is an upward or downward interest rate trend expected?
Term:
  • Short term (2-3 years): More flexible, but interest rate risk
  • Long term (8-10 years): Security, but less flexible
Tranching:
  • Divide the mortgage into multiple tranches
  • Staggered expiry dates reduce interest rate risk
Amortization:
  • Direct vs. indirect amortization
  • Amount of annual repayment
Model Choice:
  • Fixed-rate mortgage, SARON or variable mortgage
  • Combination of multiple models
Good advice helps you find the optimal strategy for your situation.