Thoughts on mortgage and Lombard loan?
I want to buy a house and need approx. 500k of my funds for 'Eigenmittel'.
My setup is as follows:
- 70k savings account
- 150k 3rd pillar
- 900k in ETFs and some shares
- I don't want to touch my second pillar
My plan is to use 100k from my 3rd pillar, liquidate 200k from my ETFs/shares and get a Lombard loan of 200k based on the remaining 700k ETFs.
What do you think of this plan? Any experience with Lombard loans? Do you think it's too risky?
u/Economy_Seesaw5378 — 2 days ago