What are the key Differences in Buying a Home and Getting a Mortgage: Israel vs. USA 🇺🇸 🇮🇱

Are you considering buying a home in Israel or the US? If so, it’s important to understand the differences between the mortgage process in these two countries. From down payment requirements to mortgage types and loan term lengths, there are many factors that can impact your home buying experience. In this post, we’ll explore [...]

By |2023-07-23T06:53:38+02:00July 23rd, 2023|Financing, Uncategorized|0 Comments

A list of documents to get a mortgage in Israel for US buyers

Personal documents: 2 photo IDs (passport, driver's license, etc.) Credit score + full credit report (you can obtain it here) Application form Income Documents: Bank statements for your personal accounts - 3 months Tax returns for 2021 and 2022 Pay slips - 3 months (if applicable) An accountant statement regarding your current year's income Assets: Name, [...]

By |2023-06-26T15:57:38+02:00June 26th, 2023|Uncategorized|0 Comments

Using rental income when applying for a mortgage

Do banks consider rental income when applying for a mortgage? When applying for a mortgage every Shekel of income count - both in order to insure that you'll actually get an approval and and also to get better rates and terms. The case when you already own an apartment If [...]

By |2020-07-12T15:08:34+02:00September 16th, 2018|Uncategorized|0 Comments

Choosing a real estate lawyer

When is the right time to include the lawyer?If you are buying: Right after you agree on the price. At this stage you let your lawyer speak to their lawyer. Usually the seller’s lawyer is the one drafting a contract, but not necessarily.If you are selling: When you made up your mind to sell. That [...]

By |2017-08-04T14:17:59+02:00January 8th, 2017|Uncategorized|0 Comments

90% LTV mortgages?!

One of the main issues  with "Mehir LaMishtaken" is the fact that it isn't accessible to everyone. For instance: An apartment in Kiryat Motzkin that costs 950,000 NIS still demands at least 260,000 NIS for down payment and expenses, and over 4,000 NIS/Month for mortgage payments. BOI, Mortgage banks and Ministry of housing have agreed to [...]

By |2016-07-27T16:02:57+02:00July 27th, 2016|Uncategorized|0 Comments
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