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 […]
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 […]
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 […]
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. In this installation, we delve into the documentation that lenders will require for the application process.
What documentation will I need to prepare for approval?
Lenders will minimally require the following […]
A client came to First Israel Mortgages with the following situation; they purchased a property for a large sum of money two years ago. They were unable to obtain a mortgage at the time of the purchase, but the seller was willing to extend a ten-year payment plan. The terms of the plan included […]
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 […]
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 […]
We are in the middle of a pandemic, and it’s been almost 2 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 […]
“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 14:38
Israel’s housing prices continue to rise sharply, with no sign of slowing down. Last week, the Central Bureau of Statistics reported that […]
“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
Demand for Israeli homes from overseas buyers has gone “through the […]