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Whether or not the bank will extend your current mortgage depends on your affordability. However, when calculating affordability, institutions do not assume the current record low mortgage rates, but significantly higher interest rates.

You have to use a theoretical interest rate of around five percent and an additional one percent for ancillary costs. For your mortgage of 200,000 francs, you must therefore assume a theoretical cost of 12,000 francs per year. If you currently have a mortgage rate of one percent, that would therefore be six times more.

Based on this figure and your pension income from the pension fund and AHV, you can quickly see how much of a burden a future mortgage would be on your budget and how much financial leeway you would still have if mortgage interest rates were actually to rise significantly again at a later date.

In principle, just about everyone scores – be it when going to a restaurant or buying a car. Based on past experience or even other people's experience as well as further assessments, we make forecasts for the future and take decisions on this basis.

When credit institutions use scoring to grant loans, they want to achieve something similar: Their goal is to ensure that loans can be repaid. They analyze empirical data on solvency to use it to forecast a customer's likelihood to default. But scoring also comes into play in online trading or insurance companies. For example, a score can also decide whether you can buy online only against prepayment.

Importance of scoring

"Score" in English means as much as number of points. Scoring is a statistical procedure used, for example, to obtain information about the future payment behavior of individuals or companies. It is used by credit institutions, credit agencies such as Schufa and rating agencies. Credit scoring is used for all types of credit transactions and is intended to facilitate fair and objective credit decisions. As part of the credit check, credit institutions determine the score. It lies between 1 and 100. A person seems to be more creditworthy the higher the score number is. 100 percent cannot be achieved, however, as it is impossible to achieve such a high probability in such statistical evaluations. The score value decides whether and on what terms a loan is granted.

Well, the investment and finance sector is really hard to understand. You have to work really hard to be successful here. This article could certainly help you understand some home mortgage concepts. Further in this article, we will talk specifically about the role of mortgage loan servicers. These loan officers are really very important for you. Buying a home is an essential process of all our lives. So you really need to make an informed decision when it comes to choosing a suitable mortgage loan advisor.

Before we delve further into the topic, let's first understand a few important things regarding mortgage loan officers. Well, mortgage consultants are professionals who are legally trained for this field. You can easily rely on these individuals for your home mortgage options. These professionals will help you secure the best possible deals on home mortgages. They will also help you to reduce the mortgage costs. So we can say that overall they are extremely reliable options for you.

I want to bring to your attention that mortgage servicers really do offer you a number of advantages. A good mortgage advisor makes use of his understanding and skills to offer the most suitable home mortgage that matches a client's private needs and requirements. However, the mortgage loan advisor does not manage the compilation of the loan, and consequently the client would have to contract directly with the banking institution to compile the home mortgage. These advisors usually do not exist in this area on their own.

The standardized and secure exchange of data between a bank and third-party providers is hype, says Richard Hess of the Bankers Association. The crucial thing now is to recognize the strategic dimension of open banking for the financial center in good time.

Open Banking, which is first and foremost the ambition to make financial services even easier, faster and more reliable for customers. The vision behind the concept is to make data available in an ecosystem of different players – banks, insurance companies, FinTech companies and financial service providers.v.m. – exchange information with each other. This should make it possible, for example, to execute payments in real time and post them to the account, aggregate the assets spread across several bank accounts in any e-banking dashboard, or even compare and conclude the mortgage with the best conditions for the home directly on the real estate platform. Business customers such as SMEs can, in turn, improve their liquidity planning by integrating accounting software, for example. The focus is always on the customer and their data, which they can access at any time.

"The Swiss financial center is right in the middle of the creative turmoil – between hype and productive applications around "Open Banking", Says Richard Hess, head of digitalization at the Swiss Bankers Association (SBA). What is needed now is an overview. To this end, the SBA, together with a working group of bank representatives, has drawn up an overview. This is intended to provide more clarity on current developments and challenges with regard to the implementation of Open Banking in Switzerland,

People who will soon reach retirement age or who are already retired also want to realize their dream of owning their own home. When it comes to financing, it is important to plan carefully and always keep two key points in mind: Sufficient equity and sufficient affordability.

Equity is the foundation of all home financing. This may consist of "liquid" funds such as savings or securities. Home buyers can also 3. Use pillar balances, inheritance withdrawals, gifts, or third-party loans as personal funds. It is also possible to borrow against the mortgage or to draw on pension fund assets (2). Pillar). In this case, however, the share of cash equity (so-called "hard equity") must be at least 10 percent of the purchase price.

If purchased before retirement age, equity of at least 20 percent is required. In doing so, the second mortgage must be paid off within 15 years or before reaching retirement age. For a 58-year-old buyer, that means paying the 2. Mortgage, for example, must be repaid within seven years. This can lead to a rather high annual amortization obligation. After retirement, the equity ratio should be at least 34 percent. Depending on the property and the level of sustainable pension income, it is also possible that the bank will require a higher share.

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Economic outlook and thus market environment remain uncertain. Sebastien Galy of Nordea Asset Management ranks the economic outlook for different regions and explains the tactical and strategic opportunities investors can take advantage of.

Global economic growth is slowing. Markets have already priced in much of this slowdown, yet the economic outlook remains uncertain, with analyst estimates ranging from soft landings to recessions. For investors, however, this challenging environment also offers tactical and strategic opportunities, says Sebastien Galy, Senior Macro Strategist at Nordea Asset Management.

Central banks have responded to increased inflation by tightening monetary policy. Together with slower economic growth, this should have a lowering effect on inflation. Still, there are some supply-side factors that could keep inflation under pressure, Galy explains: "These include current supply chain bottlenecks, continued or renewed Covid-19 lockdowns, a slowdown in the housing market, and Russian retaliatory measures such as curtailed natural gas supplies, among others."

Mortgage rates are down, but don't be fooled – the industry's efforts to rid itself of a pandemic boom will continue through 2023. Up to 30% of the 1.000 largest independent mortgage lenders will also disappear by the end of this year through sales, mergers or failures with inflation still high and interest rates rising, according to forecasts by M&A advisory firm Sterling Point advisors.

But American Pacific Mortgage (APM), a California-based retail lender of about 3.600 employees and 1.500 mortgage loan originators, don't be deterred by the depressing outlook. Rather, APM sees this as an opportunity to expand geographically beyond its primary market of California into the Midwest and the Southeast.

In 2022 alone, APM acquired 11 branches from Arizona Sunstreet Loans and Sunstreet, 25 branches from Minnesota retail lender Intelligent Mortgage Lending and 51 branches from Amerifirst Financial Inc.

Companies are expanding their reporting on greenhouse gas emissions and adjusting production and work processes. However, the innovations are not enough to achieve the Paris climate goals. The experts of Swisscanto Invest see in the emissions metric "Scope 3" One major reason for this.

The "Scope 3" metric is designed to measure the greenhouse gas emissions of companies' supply chains and customers. Thus, Scope 3 can serve as one key lever among many to set new benchmarks in terms of the Paris climate goal. "A consistent implementation of Scope 3 with a detailed recording of greenhouse gases in supply chains is certainly associated with considerable effort. However, we strongly believe that as part of a move towards sustainable business models, resource conservation and circular economy, a process of 'Creative Destruction' as defined by the great economist Schumpeter can be or has already been set in motion", say Silke Humbert, Head Product Specialists and Gerhard Wagner, Head Sustainable Impact of Swisscanto Invest, the asset manager of Zurcher Kantonalbank.

Investigation of greenhouse gas emissions

• A company's greenhouse gas emissions are divided into "Scope 1" and "Scope 3" emissions, "Scope 2" and "Scope 3":
• Scope 1: Greenhouse gases generated directly in a company's production process.
• Scope 2: Greenhouse gases generated in the context of purchased energy.
• Scope 3: Greenhouse gases generated in a company's supply chain or at the customer's site through the use of the manufactured product.

Scope 1 and 2 are easy(er) to report on

According to the experts, the greenhouse gas emissions generated in the production process – i.e., Scope 1 and Scope 2 – can be relatively well controlled and reported by each company through the form of energy it purchases. Scope 3 emissions, on the other hand, are hardly ever reported. The reason for this is that the companies report that the upstream and downstream emissions are outside of their control, they have no data on this," emphasize the Swisscanto Invest experts. Furthermore, it is unclear how complex supply chains and the use by customers are to be treated. "There are therefore many obstacles to measuring Scope 3, although constructive proposals already exist, for example through the Greenhouse Gas Protocol, according to the Swisscanto Invest experts.

Even with rising prices for land and real estate, the dream of owning one's own four walls is as alive as ever. Owning your own home is not only a way out of the constantly rising rents in Germany's big cities, but also a way of providing for old age. But until your own house is built, you have to overcome a wide range of hurdles and challenges. In the first place is the question of financing. How does it work with construction financing, what to look for in the process and how high are actually the chances of getting a loan for your own home?

What exactly is actually a construction loan?

Construction financing, usually also called real estate financing, includes loans and financing offers for the construction or purchase of their own property. The term of the financing for the own building goes back thereby to a time, in which most humans still built a house themselves. Especially in recent years and with less and less available land, however, it is often also a matter of simply buying a house or apartment with the help of financing through loans and credits and no longer becoming a builder yourself.