You can borrow up to 80% of the purchase price of your new home if it’s a primary residence, or up to 65% if it’s a secondary residence. That means you need to provide a downpayment of at least 20% or 35%, respectively. The money can come from existing cash assets or from your second- or third-pillar funds (these funds cannot be used to finance a secondary residence).
The interest rate agreement is open-ended. At any time, you can switch your variable-rate mortgage loan to a fixed-rate mortgage loan or a Libor-linked mortgage loan.
When you sign your loan contract, you can choose between the direct and indirect repayment methods. Payments are made quarterly.