Advance withdrawals and pledged amounts for WEF home financing

Any of our insurees not yet drawing a PGG pension have basically the possibility to, either use part of the old-age savings to finance property if it is for the yearlong own use, or to grant a guarantee (pledge). Concerning these matters, there are defined guidelines which have to be met.

Hence, old-age savings can be applied for encouragement of home ownership in either of the following two ways:

(1) The advance withdrawal is recommended if you wish to pay part of the purchase price or debt (financing).

(2) The pledge is chosen if the aim is to provide an additional security to the creditor providing your mortgage loan.