Tzvi Shapiro

About Tzvi Shapiro

Tzvi first came to Israel in 1995 from Passaic, NJ. He completed his B.S. in New York at the Sy Syms School of Business at Yeshiva University before returning to Israel. Prior to co-founding First Israel Mortgage, Tzvi served in numerous managerial and operational roles spanning the banking and financial industries.

Red, Hot and Blue

The Israeli mortgage banking industry is in the midst of unprecedented times.  The Bank of Israel, faced with a soaring real estate market and a steadily appreciating shekel, has found it tough to strike a balance between its attempt to dampen speculation in the red-hot real estate market and keep a stable exchange rate. […]

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10 Commandments of Buying Pre-Owned Real Estate in Israel

It is such an exciting time in life when one can finally realize the dream of purchasing real estate in Israel. Whether it is a first home, second home or vacation property, the rule of buyer beware applies.

As with all things in life, you must enter this process with eyes wide open and be […]

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Mortgage Interest Rates Hit Historic Low

The Bank of Israel reports that the average mortgage interest rate fell to a historic low of 2.18% in October from 2.2% in September. The Bank of Israel’s new guidelines on mortgage terms, aimed at raising mortgage costs, will come into effect shortly.

The average mortgage interest rate was 3.53% in August 2009, when the Bank […]

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