loan construction

Mortgage Models Construction Loans – Flexible Real Estate Financing Constructions loans are used exclusively for financing building land and the construction of new buildings, conversions, and reno­ vations. Three different utilization forms are available: n n n Classical construction loan (consolidation* once building work is completed) Construction loan with fixed consolidation date(s) (pre­consolidation*) Construction loan with partial consolidation* Thanks to the flexible utilization forms, you can choose whether to have part or all of the financing amount paid out in the form of a mortgage prior to, during, or on completion of the building work, depending on the requirements of your construction project. General Information Client profile The financing variant for prospective or existing real estate owners who require capital for the purchase of building land, new buildings, conversions and renovations of residential or commercial properties. CHF 100,000 ¼ % per quarter on the maximum amount utilized Max. 2 years Of course you can’t beat a one­to­one discussion, and we look forward to meeting you. If you would like to make an appointment or ask any questions (free of obligation) about mortgages, you can reach us between 8 a.m. and 8 p.m. on toll­free number 0844 855 400. You can also find more information on home ownership and lots of useful tips on finding, planning, building and buying your own home at www.credit­suisse.com/mortgages Minimum amount Credit commission Term Get in Touch * Consolidation = conversion into a mortgage product Mortgage Models Overview of utilization forms Classical construction loan Recommendation Construction loans are managed as a current account loan. The loan is consolidated into a mort­ gage once the building phase has been completed. For clients who do not want to be tied to a specific mortgage product. 1. Utilization of own capital 2. Utilization of construction loan (in the form of a current (in the form of a current account loan) account) 3. Fixing of interest rate, conversion to mortgage (consolidation) Building phase Personal assets Maximum credit limit Loan Consolidation Construction loan with fixed consolidation date(s) (pre-consolidation) Recommendation Conclusion of a Forward fix mortgage for part or all of the credit amount prior to or when buil­ ding commences with a term extending beyond the planned completion of the building work. For clients who want to fix the interest rate for the Fix mortgage when building commences. Conclusion of Forward fix mortgage 2. Utilization of own capital (in the form of a current account) 3. Utilization of construction loan (in the form of a current account loan) 4. Start of term of Forward fix mortgage (consolidation) Building phase Fixing of consolida­ tion amount Personal assets Maximum credit limit Loan Consolidation Construction loan with partial consolidation Recommendation As building progresses, partial amounts of a construction loan are converted into a mortgage product with a term extending beyond the completion of the building work. For clients who wish to convert partial amounts into the desired mortgage model (multiple conversions possible). 1. Utilization of own capital (in the form of a current account) 2. Utilization of con­ struction loan (in the form of a current account loan) 3. Conversion to mortgage (partial consolidation) 4. Utilization of construction loan (in the form of a cur­ rent account loan) 5. Conversion to mortgage (residual consolidation) Building phase Personal assets Maximum credit limit Credit Partial consolidation SOLS 11 5515044 04.2007 Residual consolidation Your Credit Suisse advisor would be pleased to calculate the optimum utilization form for you. During the personal consultation we will look at your individual financial situation together and work out which utilization form best suits your needs.