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845-694-7148All of the articles we have written on Israel Real Estate News, over the years, on the First Israel website. Israel Real Estate has grown tremendously…
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, your financial picture may be different or you may have found that the terms of the current mortgage are no longer the most beneficial for you.
In […]
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 […]
Housing Prices in Israel on the Rise
The price of residential real estate in Israel has risen by over 10% in the last 12 months, with steady increases forecast for the future.
The major reason for this substantial price increase is higher demand that significantly exceeds the housing stock available.
According to Israel’s Central Bureau of Statistics, the price of a typical 3 […]
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 […]
Number of Apartments Purchased by Foreign Nationals Rising
We are in the middle of a pandemic, and it’s been almost two years since foreign nationals have been freely able to visit Israel, making it very difficult for them to personally view properties prior to making a purchase.
Despite the difficulties, foreigners purchasing property in Israel has reached record levels.
Much of this growth can […]
Can the new government slow rising housing prices? (Jerusalem Post article)
“The problem is a lack of supply in the housing market,” said the co-founder of First Israel Mortgages. “The only way to bring down prices is to build more homes.”
By Zev Stub
June 20, 2021
Jerusalem Post – original article here.
Israel’s housing prices continue to rise sharply, with no sign of slowing down. Last week, the Central […]
Overseas demand for Israeli homes rising ‘through the roof’ (Jerusalem Post article)
“While American Jews once looked at having a home in Israel as luxury, or a nice thing to have for the holidays, it is now seen as a necessity for those who can afford to purchase one,” Shapiro said.
By Zev Stub
March 11, 2021 20:58
Original Jerusalem Post article here.
Demand for Israeli homes from overseas buyers […]