Usual story, Alpha Bank mortgage increased, property value decreased. Bank is offering to provide 'substantial discount' (I have asked what that may be) if I agree to transfer to a Euro mortgage. Anyone have any experiences/views on this? Thanks
Will this transfer from Swiss Franc to Euro be at a fixed amount? IE if a mortgage of CHF100,000 = €92,200 at the moment, will this be the case for ever more?
The reason I asked is that the Euro is not very strong against the Swiss Franc at the moment and to make that 'currency exchange' at this point might be the wrong time to do it.
That said, who knows when the Euro might strengthen in the future,
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