[MadDemon]

Intrest rates for morgages in Switzerland are around 1% and for tax reasons most people only pay off a third of their property. The payments are very managable, as long as you have the downpayment. You can't fully compare this with a similar price in the US where interest rates are much higher and people pay off the full morgage.

[_zoltan_]

You can pay off your mortgage if you want to. I know several people who did or set it up like that.

However then your interest rate is not 1%. The best I've seen is 30 year fixed, where you pay off your house is 2.5%.

I'm paying 0.65% right now, thanks to SARON going to 0.

It just does not make financial sense to pay it off even if could.