02-567-1349![US flag](/wp-content/uploads/2017/01/us.png")
845-694-7148All of the articles from First Israel Mortgage, regarding banking news and how it affects your mortgage can be read via this page.
Buy Now, Convert to Shekel Later
Waiting for the Shekel to Weaken? You May Not Have to Delay Your Purchase
For many foreign buyers, the biggest obstacle to purchasing property in Israel today isn’t finding the right apartment—it’s the exchange rate.
The shekel has strengthened significantly against many major currencies over the past year. As a result, buyers holding U.S. Dollars, Pounds […]
More Financing Than You Think
One of the most common reasons people postpone buying property in Israel is the belief that they simply don’t have enough cash.
Over the years, I’ve spoken with countless buyers who assumed they were limited to a 50% mortgage and would therefore need to fund the other half of the purchase themselves. In many cases, […]
How is your relationship with your Bank in Israel?
People who have great relationships with their bank often think they are getting the best financing deals available on the market.
Take for instance the story that recently came through our office.
A wealthy gentleman here in Israel purchased a second property for $4.2 Million and applied for a mortgage with his bank. He was one […]
Subprime in Israel?
Subprime.
It’s notoriety prevails throughout the world. The word alone conjures up vivid memories of recession, ruined investors, and failed banks.
With the financial crisis in the United States allegedly over, the question for us begs, does subprime lending exist in Israel?
Can history repeat itself here? This question was posed to the Head of Retail Banking […]