normanshapiro

About Norman Shapiro

Originally from Scranton, PA, Norman moved to Israel in 1995, and is fortunate to live here with much of his extended family. A graduate of Yeshiva University, Norman has been in the financial sector his entire career – starting with the commodity trading giant, Philipp Brothers in New York. He brings a creative viewpoint to the mortgage business, with the unique ability to find the best solution for his clients.

Inflation Linked Mortgages – Beware!

With current mortgage rates relatively high, everyone is looking to find mortgage products that might ease the pain of high monthly payments. Inflation Linked Mortgage (ILM) products are often thought of as a good alternative with low rates and low monthly payments. But there is more to it than that. Much more. Let’s take […]

By |August 18th, 2023|Israel Mortgage News, Israel Real Estate News|0 Comments

Understanding Mortgage Prepayment Penalties in Israel

If you have a mortgage or looked into getting a mortgage in Israel, you likely know that in Israel the banks may charge a fee in the event you pay off the mortgage before the end of the term of the mortgage. Misconceptions abound, and I would like to us this forum to help […]

By |August 11th, 2023|Israel Mortgage News|0 Comments

Age and Its Impact on the Mortgage Process in Israel

When it comes to obtaining a mortgage in Israel, age may play a significant role in determining the terms and conditions of the loan. Banks have specific regulations and requirements in place to ensure that mortgages are manageable and paid off within a reasonable timeframe. In this article, we will explore how age influences […]

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First Israel Weekly Update July 16, 2023

As ever on a Sunday, First Israel is back with a weekly update of rates and news in the Israel market.

If you would like to receive this direct to your email inbox, on Sunday mornings, hot off the press, please contact us here and let us know.

The big news from the last week was […]

By |July 16th, 2023|First Israel weekly updates|0 Comments

First Israel Weekly Update July 9, 2023

Welcome, once again, to the weekly update from First Israel Mortgages.

This is a big week in our world, and potentially for some of our clients too.

The Bank of Israel will announce on Monday (July 10, 2023) afternoon, whether they will increase interest rates.

Were they to do so by a possible 0.25% this would bring […]

By |July 9th, 2023|First Israel weekly updates|0 Comments

First Israel Weekly Update July 2, 2023

Here we are again with a First Israel Weekly Update. We are delighted you could join us.

We are now just eight days away from the Bank of Israel’s next update on interest rates. We can expect to have more news of that in next week’s update.

To get these updates in your inbox, do please […]

By |July 2nd, 2023|First Israel weekly updates|0 Comments

First Israel Weekly Update June 25, 2023

Welcome to the latest weekly update post from First Israel.

There is a set formula to our weekly updates, which are sent to all subscribers via email. They always include a mortgage market brief of the goings on in Israel, real estate news from Israel and 5 top mortgage tips.

In recent days there have been […]

By |June 25th, 2023|First Israel weekly updates|0 Comments

First Israel Weekly Update June 18, 2023

Welcome to the weekly update from First Israel Mortgages.

These weekly updates include three sections, a mortgage market brief of the goings on in Israel, real estate news from Israel and 5 top mortgage tips.

We send these out via email every Sunday morning and if you wish to receive this straight to your email inbox, […]

By |June 18th, 2023|First Israel weekly updates|0 Comments

The Importance of an Appraisal Prior to Signing a Property Contract in Israel

Purchasing property is a significant financial decision, and conducting thorough due diligence is crucial for a successful transaction.

In the context of real estate in Israel, obtaining an appraisal prior to signing a contract plays a vital role.

This article aims to highlight the importance of appraisers in assisting buyers by establishing the true value of […]

By |June 12th, 2023|Israel Real Estate News|0 Comments

First Israel Weekly Update June 11, 2023

Welcome to the weekly update from First Israel Mortgages.

As always, we are very busy at First Israel Mortgages, in both Jerusalem and Tel Aviv.

And, not only in Israel, since our co-founder Tzvi Shapiro continues his tour of America, with the final events taking place in Passaic, Englewood, and the Five Towns.

We remain a mortgage company […]

By |June 11th, 2023|First Israel weekly updates|0 Comments