The other monthly payments, which are also detailed on this calculator, to be concerned about, are annual insurance and monthly homeowners association fee; known in Israel as Vaad Habayit.
The estimated monthly mortgage payments are easiest to find by using the mortgage calculator on this page and plugging in the initial mortgage amount, an estimate for the interest rate, and the expected term of the mortgage.
Rates vary greatly depending on LTV (loan-to-value), purpose of the loan, location of the property, and the borrower’s qualifications. For a customized rate quote please contact a First Israel mortgage consultant on the form above. We look forward to hearing from you.
The most commonly used mortgage rates in Israel are Prime, LIBOR, Variable and Fixed.
The approval will usually be valid for 90 days and will cover most residential properties. There are exceptions, and it is always best to check with a lender to confirm a property has no issues that would make it unsuitable for financing. After the 90-day period, getting an approval extended is fairly straightforward assuming […]
From the time your documentation is received, the process can take between three to six weeks to fund your mortgage.
We aim to make your mortgage process a pleasurable one. In order to begin the pre-approval process online, please fill out the form on this page. Or give us a call. We would be delighted to hear from you.
No. A power of attorney, and other requisite paperwork, can be signed either at an Israeli consulate or via notary/apostille in your country of residence.
There are two main hurdles that you need to overcome in order to qualify for a mortgage; enough cash to cover the required down payment and enough income to cover the expected mortgage payments.
The approval process can take from a few days to a few weeks; mostly depending on the complexity of the file. The approval will usually be valid for 90 days and will cover most residential properties. There are exceptions, and it is always best to check with a lender to confirm a property has […]