02-567-1349![US flag](/wp-content/uploads/2017/01/us.png")
845-694-7148All of the articles from First Israel Mortgage, regarding Israel mortgage news and how it affects your mortgage can be read via this page.
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 […]
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 […]
First Israel Weekly Update April 23, 2023
Welcome to the First Israel weekly update for the week beginning Sunday April 23, 2023.
We are set for an emotional week here in Israel with Yom Hazikaron on Monday night and Tuesday, followed by Yom Haaztzmaut on Tuesday evening, Wednesday, marking 75 years of the state of Israel.
If you want to jump to a […]
Why Use a Mortgage Broker? (Part 6 of the Israel Mortgage Primer series)
If you’ve read through the first five parts of the Israel Mortgage Primer series, you should have a pretty good idea of what is involved in the mortgage process.
We’ve reviewed what you need to know Before You Apply, the Documentation necessary for a mortgage approval, the various Mortgage Products available from Israeli banks, the […]
Refinancing (Part 5 of an ongoing Israel Mortgage Primer series)
You own your property in Israel.
You have a mortgage which seemed perfect at the time you financed the property, but times have changed. Interest rates may be lower, the variable rates that were attractive at the time you took the mortgage may now be significantly higher, your financial picture may be different or you […]
Funding Requirements (Part 4 of the Israel Mortgage primer series)
At this point, you have successfully traversed the application process (Before You Apply – Part 1), been approved for a mortgage (Documentation – Part 2) and chosen the mortgage products that best suit your needs (Mortgage Products – Part 3).
In order for the mortgage to actually be funded, the banks have several requirements – […]
Mortgage Products (Part 3 of the Israel Mortgage Primer series)
So, you’ve successfully traversed the application process and have been approved by the bank.
One of the first major issues that you will have to ponder is the question of what product or blend of mortgage products is best suited for your particular situation.
In this article, I’d like to review the main products that are […]
Documentation (Part 2 of the Israel Mortgage Primer series)
In part 1 of this series we discussed when one should apply for a mortgage and the minimum criteria needed to qualify for a mortgage.
See: Before you apply (Part 1 of the Israel Mortgage Primer series).
In this installment, we delve into the documentation that lenders will require for the application process.
What documentation will I […]
Before You Apply (Part 1 of the Israel Mortgage Primer series)
So, you’re ready to take the plunge. and…purchase a property in Israel.
You know where you want to buy, how big a property you need and roughly how much it will cost. You also know you will need a mortgage to finance the purchase… and that’s where you start to get nervous.
How much will I […]